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P3 Health Partners Inc. - PIII STOCK NEWS

Welcome to our dedicated page for P3 Health Partners news (Ticker: PIII), a resource for investors and traders seeking the latest updates and insights on P3 Health Partners stock.

P3 Health Partners Inc. (PIII) is a patient-centered, physician-led, and population health-focused healthcare company founded by Sherif Abdou and Amir Bacchus. The company is dedicated to transforming the way healthcare is delivered, with a mission to improve patient care, restore meaning to daily operations, and reinfuse care and health back into the healthcare system.

P3 operates with a unique model that aggregates and supports existing healthcare resources within the community to build an extensive network of providers. This network works collaboratively to deliver coordinated and integrated care to patients. The overarching goal is to improve patient outcomes, reduce healthcare costs, and enhance the overall experience for both patients and providers.

The team at P3 is composed of doctors, clinicians, and various support service professionals who share a deep passion for improving healthcare delivery. Recent achievements include significant growth in their provider network and successful partnerships that further their mission of delivering high-quality, cost-effective care.

Current projects at P3 include expanding their population health management services and implementing innovative care models that leverage data and technology to better serve their patient populations. Financially, P3 Health Partners Inc. continues to show robust performance, supported by its strong operational framework and strategic partnerships.

The company remains committed to its vision of transforming healthcare by working closely with physicians and healthcare providers to bring about meaningful changes in patient care delivery.

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P3 Health Partners (NASDAQ: PIII), a patient-centered and physician-led population health management company, has announced its upcoming third quarter 2024 financial results release and conference call. The company will release its Q3 2024 results and file its Quarterly Report on Form 10-Q on Tuesday, November 12, 2024. Management will host a conference call at 4:30 PM ET the same day to discuss the results. The call will be accessible via toll-free number 1-833-316-0546 (US) or international number 1-412-317-0692, and will also be webcast live on the company's investor website.

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P3 Health Partners Inc. (NASDAQ: PIII), a patient-centered and physician-led population health management company, has announced its participation in the LD Micro Main Event XVII Conference. The event is scheduled for Wednesday, October 30, 2024, in Los Angeles, CA.

The company's management team will deliver a presentation at 2:30 pm Eastern Time. Interested parties can access a live webcast of the presentation through P3's Investor Relations Website at https://ir.p3hp.org/.

This conference appearance provides an opportunity for P3 Health Partners to showcase its business model and strategies to potential investors and industry professionals.

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P3 Health Partners (NASDAQ: PIII) has announced the appointment of Leif Pedersen as its new Chief Financial Officer, effective October 1, 2024. Pedersen, with over 25 years of experience in finance and value-based care, will succeed Atul Kavthekar, who will transition to a Strategic Advisor role. Pedersen's background includes serving as VP of Finance & CFO Shared Services at Optum Health and VP of Finance & CFO IT at DaVita Medical Group.

In his new role, Pedersen will oversee Accounting, Treasury, Finance Analytics, and Investor Relations. P3's CEO, Dr. Aric Coffman, expressed confidence in Pedersen's ability to help the company achieve its long-term goals while maintaining excellence in value-based care.

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P3 Health Partners (NASDAQ: PIII), a patient-centered and physician-led population health management company, has announced its participation in two upcoming investor conferences. The company will be present at:

  • The 2024 Wells Fargo Healthcare Conference in Boston, MA on Wednesday, September 4, 2024
  • The Lake Street Best Ideas Growth Conference in New York, NY on Thursday, September 12, 2024

These conferences provide P3 Health Partners with opportunities to showcase their business model and growth strategies to potential investors and industry analysts. The company's presence at these events underscores its commitment to engaging with the investment community and highlighting its role in the evolving healthcare landscape.

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P3 Health Partners (NASDAQ: PIII) released its financial results for Q2 2024, ending June 30. The company reported total revenue of $379.2 million, marking a 15% increase from $329.1 million in Q2 2023. Capitated revenue also saw a 15% rise to $374.3 million. However, gross profit declined to $14 million from $26.8 million last year, and profit per member per month (PMPM) dropped to $36 from $86. The medical margin decreased to $41.1 million from $50.5 million, while net loss widened to $28.8 million compared to $27.6 million. Adjusted EBITDA showed a loss of $8.8 million vs. a gain of $0.2 million last year. For fiscal 2024, P3 projects total revenue between $1.45 billion and $1.55 billion, a medical margin of $230-250 million, and adjusted EBITDA between $20-40 million.

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P3 Health Partners Inc. (NASDAQ: PIII), a patient-centered and physician-led population health management company, has announced its plans to release second quarter 2024 financial results and file its Quarterly Report on Form 10-Q on Wednesday, August 7, 2024. The company will host a conference call to discuss the financial results at 1:30pm PT/ 4:30pm ET on the same day.

Investors can join the conference call via toll-free number 1-833-316-0546 (US) or international number 1-412-317-0692. The call will also be webcast live in the 'Events & Presentations' section of P3's Investor page. An archived recording of the webcast will be available on the company's website for 90 days following the conference call.

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P3 Health Partners (NASDAQ: PIII), a leader in population health management, announced a strategic partnership with Innovaccer, a prominent healthcare AI company.

This collaboration aims to advance value-based care by leveraging Innovaccer's Healthcare AI Platform to improve patient outcomes, optimize costs, and enhance the patient and clinician experience. The platform will help P3 Health Partners unify, aggregate, and normalize clinical and claims data, reducing administrative tasks, improving data integration, and enhancing analytics for better care management.

P3 will utilize Innovaccer's EHR-agnostic physician engagement solution, population health analytics suite, and patient engagement solution to close care gaps and drive better patient engagement across its regions.

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P3 Health Partners (NASDAQ: PIII), a population health management company, announced its participation in upcoming investor conferences. These include the William Blair 44th Annual Growth Stock Conference in Chicago, IL on June 4, 2024, where P3 will present at 12:20 pm Eastern Time, and the Jefferies Healthcare Conference in Miami Beach, FL on June 6, 2024, with a presentation at 11:00 am Eastern Time.

Both presentations will be webcast live on P3's investor relations website, with replays available for 90 days following the events.

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P3 Health Partners announced a definitive agreement for a $42.2 million private placement with institutional investors, led by affiliates of Chicago Pacific Founders (CPF). The company will issue approximately 67.4 million units at $0.6270 per unit, each including one share of Class A common stock and a warrant to buy another share at $0.5020. Net proceeds will be used for working capital and general corporate purposes. Closing is expected around May 24, 2024, subject to conditions. William Blair & Company served as the sole placement agent.

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P3 Health Partners Inc. (NASDAQ: PIII) reported the approval of employment inducement equity grants to Aric Coffman, M.D., who will serve as the Chief Executive Officer and President. The grants include a stock option for 12,100,000 Class A shares of Common Stock and a restricted stock unit (RSU) award for 4,400,000 shares of Common Stock. Both awards are subject to vesting conditions based on Dr. Coffman's employment and the company's performance.

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FAQ

What is the current stock price of P3 Health Partners (PIII)?

The current stock price of P3 Health Partners (PIII) is $0.357 as of November 4, 2024.

What is the market cap of P3 Health Partners (PIII)?

The market cap of P3 Health Partners (PIII) is approximately 56.6M.

What is P3 Health Partners Inc.?

P3 Health Partners Inc. (PIII) is a patient-centered, physician-led healthcare company focused on population health management.

Who founded P3 Health Partners?

P3 Health Partners was founded by Sherif Abdou and Amir Bacchus.

What is the main mission of P3 Health Partners?

The main mission of P3 Health Partners is to transform how healthcare is delivered by improving patient care and restoring meaning to healthcare operations.

How does P3 Health Partners operate?

P3 operates by aggregating and supporting the community's existing healthcare resources to build a network of providers delivering coordinated and integrated care.

What recent achievements has P3 Health Partners made?

P3 Health Partners has achieved significant growth in their provider network and formed successful partnerships to deliver high-quality, cost-effective care.

What current projects is P3 Health Partners involved in?

P3 Health Partners is expanding their population health management services and implementing innovative care models that use data and technology.

How does P3 Health Partners aim to improve patient outcomes?

P3 aims to improve patient outcomes by delivering coordinated and integrated care through a network of committed healthcare providers.

What makes P3 Health Partners unique?

P3 Health Partners is unique due to its physician-led approach and its focus on population health management, working collaboratively with existing community resources.

How can I stay updated on P3 Health Partners' news?

You can stay updated on P3 Health Partners' news by visiting stock market websites like StockTitan or the company's official website.

What is the financial condition of P3 Health Partners?

P3 Health Partners continues to show robust performance, supported by a strong operational framework and strategic partnerships.

P3 Health Partners Inc.

Nasdaq:PIII

PIII Rankings

PIII Stock Data

56.63M
161.76M
23.36%
23.88%
0.77%
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