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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 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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P3 Health Partners announced its first quarter 2024 results, showcasing a 29% year-over-year revenue growth. Dr. Aric Coffman joined as CEO, with a focus on achieving profitability in 2024. The company reaffirmed its 2024 guidance, aiming for Adjusted EBITDA positivity. Total revenue was $388.5 million, capitated revenue saw a significant increase, but gross profit saw a decline. The net loss improved slightly, while Adjusted EBITDA loss also increased. Fiscal 2024 guidance outlines ambitious targets for at-risk members, total revenues, medical margin, and Adjusted EBITDA.

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P3 Health Partners Inc. announced that Dr. Aric Coffman has been appointed as the new CEO, effective May 8, 2024, succeeding Dr. Sherif Abdou. Dr. Abdou will continue as a Strategic Advisor and Board member. Dr. Coffman brings extensive experience in value-based care and healthcare delivery for seniors, with a successful track record in leadership roles. The appointment reflects the company's focus on growth and success in the value-based care sector.

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P3 Health Partners Inc. (NASDAQ: PIII) announced the schedule for its first quarter 2024 earnings release and conference call. The financial results will be released on May 8, 2024, followed by a conference call to discuss the results at 1:30pm PT/ 4:30pm ET on the same day.

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P3 Health Partners Inc. (NASDAQ: PIII) to present at the 23rd Annual Needham Virtual Healthcare Conference on April 11, 2024, at 1:30 pm Eastern Time. Webcast available on P3's Investor Relations Website.
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P3 Health Partners Inc. (PIII) reports a 21% year-over-year revenue growth, exceeding 2023 guidance, with affirmations for 2024. The company anticipates achieving Adjusted EBITDA positive in 2024. Financial results for Q4 2023 show strong performance with total revenue up by 34% and capitated revenue up by 35%. Full-year 2023 results indicate total revenue growth of 21% compared to the previous year, with positive increases in key financial metrics. Despite a net loss, P3 remains optimistic about future growth prospects.
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P3 Health Partners Inc. (NASDAQ: PIII) plans to release its financial results for Q4 and full year 2023 on March 28, 2024, reaffirming its 2024 guidance. The company observed stable utilization trends early in 2024, with strong membership growth and plans to source additional debt capital for growth.
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P3 Health Partners Inc. (NASDAQ: PIII) announces leadership presentation at KeyBanc LifeSciences & Medtech Investor Forum. Webcast available on Investor Relations Website.
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P3 Health Partners Inc. (NASDAQ: PIII) to participate in Jefferies Value Based Healthcare Summit in Miami Beach, Florida. Investor meetings scheduled for March 11th, 2024.
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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 $0.213 as of November 22, 2024.

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

The market cap of P3 Health Partners (PIII) is approximately 35.2M.

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

35.18M
126.16M
23.2%
24.99%
0.59%
Medical Care Facilities
Services-health Services
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United States of America
CHICAGO