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P3 Arizona Announces New Medical Clinic in Cochise County, Arizona

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P3 Health Partners Inc. (NASDAQ: PIII) has acquired the practice of Dr. Leonardo Serfino in Sierra Vista, Arizona. Dr. Serfino, an internal medicine specialist, will continue to care for his existing patients while accepting new Medicare Advantage patients. This acquisition expands P3 Arizona's network, which includes over 1,400 affiliated primary care providers in multiple counties. David Yarger, Arizona market president, emphasized that this partnership aligns with P3's focus on transforming healthcare to a value-based model that enhances patient outcomes and reduces costs.

Positive
  • Acquisition of Dr. Serfino's practice expands P3's healthcare network.
  • P3 Arizona now supports over 1,400 affiliated primary care providers.
  • Aligns with P3's strategy of value-based care, potentially improving patient outcomes.
Negative
  • None.

TUCSON, Ariz.--(BUSINESS WIRE)-- P3 Health Partners Inc. (“P3”) (NASDAQ: PIII), a patient-centered and physician-led population health management company, today announced that P3 Health Partners, LLC dba P3 Health Partners-Arizona (“P3 Arizona”) has acquired the practice of Dr. Leonardo Serfino, M.D., in Sierra Vista, Ariz.

Dr. Serfino, who specializes in internal medicine, will continue to support his existing patients, as well as accept new Medicare Advantage patients. Dr. Serfino and his staff will now become part of the P3 Health Partners Professional Services PC dba P3 Health Partners Medical Group (“P3 Health Partners Medical Group”).

P3 Arizona has an expansive network of more than 1,400 affiliated primary care providers and supports thousands of patients throughout Cochise, Pima, Santa Cruz, Yuma, and Yavapai Counties.

“One of the critical steps in transforming healthcare from a reactive fee-for-service model to a value-based care model is partnering with practices that align with our core belief that engaging the physician and empowering the patient provides the most direct path to improving outcomes, reducing costs, and enhancing the healthcare experience,” said David Yarger, Arizona market president, P3 Arizona. “We are pleased to add Dr. Serfino’s practice to the P3 Health Partners Medical Group. As an outstanding doctor and a well-respected member of the community, Dr. Serfino will continue to provide the highest level of care to meet the individual needs of the patients in Sierra Vista and the surrounding communities.”

“After being part of the P3 network for a number of years, my staff and I are excited to now become part of the P3 Health Partners Medical Group,” said Dr. Serfino, practice owner. “I am pleased to join an organization that shares our commitment of treating the entire patient, not just the illness and looks to improve overall patient outcomes through a value-based care model.”

About P3 Health Partners (NASDAQ: PIII):

P3 Health Partners Inc. is a leading population health management company committed to transforming healthcare by improving the lives of both patients and providers. Founded and led by physicians, P3 has an expansive network of more than 2,500 affiliated primary care providers across the country. Our local teams of health care professionals manage the care of thousands of patients in 18 counties across five states. P3 supports primary care providers with value-based care coordination and administrative services that improve patient outcomes and lower costs. Through partnerships with these local providers, the P3 care team creates an enhanced patient experience by navigating, coordinating, and integrating the patient’s care within the healthcare system. For more information, visit www.p3hp.org and follow us on @p3healthpartners and Facebook.com/p3healthpartners.

Eric Stebel

Strategic Communications Manager

P3 Health Partners

(281) 216-9556

Estebel@p3hp.org

Karen Blomquist

Vice President, Investor Relations

P3 Health Partners

(702) 910-3950

kblomquist@p3hp.org

Source: P3 Health Partners Inc.

FAQ

What recent acquisition did P3 Health Partners Inc. make involving Dr. Serfino?

P3 Health Partners Inc. acquired the practice of Dr. Leonardo Serfino in Sierra Vista, Arizona.

How does the acquisition impact P3 Health Partners' network?

The acquisition expands P3 Health Partners' network to over 1,400 affiliated primary care providers.

What type of patients will Dr. Serfino accept after the acquisition?

Dr. Serfino will continue to support existing patients and accept new Medicare Advantage patients.

What is the significance of the acquisition for patient care?

It aligns with P3's focus on a value-based care model aimed at improving patient outcomes and reducing costs.

P3 Health Partners Inc.

NASDAQ:PIII

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