P3 Health Partners Announces Inclusion in the Russell 3000® Index

Rhea-AI Summary

P3 Health Partners (NASDAQ: PIII) has been added to the Russell 3000 Index, effective June 27, 2022, marking a significant milestone for the company. This inclusion enhances visibility and liquidity for shareholders and confirms the company’s position among the top 4,000 U.S. stocks based on market capitalization. FTSE Russell, which manages the Russell indexes, oversees approximately $12 trillion in assets benchmarked against these indexes, further solidifying P3's market presence as it continues to work towards its strategic vision of transforming healthcare.

Positive

• Added to the Russell 3000 Index, enhancing visibility and liquidity.
• Confirms P3's market position among the top 4,000 U.S. stocks.

Negative

• None.

HENDERSON, Nev., June 27, 2022 (GLOBE NEWSWIRE) -- P3 Health Partners Inc. (“P3” or the “Company”) (NASDAQ: PIII), a patient-centered and physician-led population health management company, today announced it has been added as a member of the Russell 3000^® Index, effective after the U.S. market opens on June 27, as part of the 2022 Russell indexes reconstitution.

This year’s reconstitution of the Russell indexes captures the 4,000 largest U.S. stocks as of May 6, 2022, ranking them by total market capitalization. Membership in the Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000^® Index or small-cap Russell 2000^® Index, as applicable, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

"We are thrilled to be added to the Russell 3000 Index, which is the first significant milestone for P3 Health Partners as a public company, as it will increase visibility and liquidity for our shareholders," said Dr. Sherif Abdou, P3’s Founder and CEO. "As a new issuer, we are working diligently towards our strategic vision to lead the transformation of healthcare. Our organization is driven by people with passion and purpose to make that vision a reality for our seniors and the communities in which they live."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 3000^® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About P3 Health Partners:
P3 is a leading population health management company committed to changing the healthcare industry by improving the lives of patients and providers. Utilizing a deeply integrated, capital-efficient care model, P3 supports providers with administrative services and value-based care coordination to improve patient outcomes and lower costs. Founded and led by physicians, P3’s team of healthcare providers and service professionals share a vision for delivering patient care with passion and purpose. For more information, visit p3hp.org and follow P3's social channels through Instagram at @p3healthpartners and Facebook at Facebook.com/p3healthpartners.

About FTSE Russell:
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

Contacts:

Karen Blomquist
Vice President, Investor Relations
P3 Health Partners
kblomquist@p3hp.org

Kassi Belz
Executive Vice President, Communications
P3 Health Partners
(904) 415-2744
kbelz@p3hp.org

Steve Halper
Managing Director
LifeSci Advisors
shalper@lifesciadvisors.com

 

FAQ

When was P3 Health Partners added to the Russell 3000 Index?

P3 Health Partners was added to the Russell 3000 Index on June 27, 2022.

What is the significance of P3 Health Partners joining the Russell 3000?

Joining the Russell 3000 increases visibility and liquidity for P3 Health Partners' shareholders.

What is the market capitalization range for the Russell 3000 Index?

The Russell 3000 Index includes the 4,000 largest U.S. stocks ranked by total market capitalization.

How does FTSE Russell determine membership in its indexes?

FTSE Russell determines membership based on objective market-capitalization rankings and style attributes.

What impact does being in the Russell 3000 have on P3 Health Partners' stock?

Inclusion in the Russell 3000 can lead to increased investment and interest in P3 Health Partners' stock.