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Health Care 2025: BLACKLEY, SETH
CEO AND CO-FOUNDER, EVOLENT HEALTH, ARLINGTON COUNTY
Virginia Business //September 1, 2025//
Health Care 2025: BLACKLEY, SETH
CEO AND CO-FOUNDER, EVOLENT HEALTH, ARLINGTON COUNTY
Virginia Business //September 1, 2025//
Blackley founded Evolent Health in 2011 with fellow Harvard Business School alums Frank Williams and Tom Peterson with a goal of providing technology to help health systems shifting to value-based care — where payment is connected to patient outcomes.
In 2015, Evolent debuted on the New York Stock Exchange, raising $195 million. Initially serving as president of the company, Blackley, who is also on the company’s board, became CEO in 2020 when Williams stepped down.
A graduate of the University of North Carolina at Chapel Hill, Blackley started his career in 2001 as an analyst in the Washington, D.C., office of consulting firm McKinsey & Co. Later, he joined The Advisory Board, a global health care research, consulting and technology firm, where he worked with Williams and Peterson.
In August 2024, Reuters reported that Evolent was in talks with private equity firms and health care services providers for a potential sale, but the company has not announced a deal in the year since.
Evolent reported 2024 revenue of $2.55 billion, up from $1.96 billion in 2023.
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