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Health Care | Biotech | Pharmaceuticals 2025: SETH BLACKLEY

CEO AND CO-FOUNDER, EVOLENT HEALTH, ARLINGTON COUNTY

Virginia Business //September 1, 2025//

Health Care | Biotech | Pharmaceuticals 2025: SETH BLACKLEY
Health Care | Biotech | Pharmaceuticals 2025: SETH BLACKLEY

Health Care | Biotech | Pharmaceuticals 2025: SETH BLACKLEY

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 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 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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