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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 Inc. (NASDAQ: PIII) reported its Q4 and full-year 2022 financial results, with a notable 40% increase in capitated revenue to $254.0 million. However, the company faced a substantial net loss of $532.3 million, primarily due to a goodwill impairment charge of $463.5 million. For the full year, P3's at-risk Medicare Advantage membership grew by 50% to 100,400, with total revenues reaching $1.0 billion, a 66% increase from the previous year. Looking forward, P3 anticipates achieving Adjusted EBITDA positivity by early 2024 and has provided fiscal 2023 guidance with total revenues projected between $1.2 billion and $1.25 billion.

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P3 Health Partners Inc. (NASDAQ: PIII) announced a definitive agreement for a private placement of securities, expected to yield approximately $90 million in gross proceeds. The lead investors are affiliates of Chicago Pacific Founders and Leavitt Partners. The company will issue 79.9 million units at about $1.12 per unit, which includes one share of common stock and 0.75 of a warrant for each unit. The funds will be used for general corporate purposes, and the transaction's closing is anticipated for April 6, 2023.

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P3 Health Partners Inc. (NASDAQ: PIII) announced it will release its fourth-quarter 2022 and full-year 2022 results on March 31, 2023, before the market opens. Management will host a conference call and webcast at 8:30 AM ET on the same day to discuss corporate and financial updates. P3 is a physician-led population health management company with over 2,800 affiliated primary care providers across five states. The call details will be provided on the company’s investor page, and an archived recording will be available for 90 days post-event.

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P3 Health Partners Inc. (NASDAQ: PIII) plans to release its financial results for the fourth quarter and full year ending December 31, 2022, on March 30, 2023. The company will also file its Annual Report on Form 10-K on the same day. An investor call and webcast are scheduled for 4:30 PM ET to discuss the financial performance and provide a corporate update. P3 Health Partners focuses on improving healthcare through a network of over 2,800 affiliated primary care providers across five states. Further details will be available on their investor relations page.

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P3 Health Partners Inc. (NASDAQ: PIII) announced its intention to file the Annual Report on Form 10-K by March 30, 2023. The delay is attributed to an administrative issue related to the delayed audit for 2021. P3 reaffirmed its 2022 revenue guidance of $1.025 billion to $1.075 billion, representing a 61% to 69% increase year-over-year. They expect at-risk Medicare Advantage membership to exceed 100,000, a 35% rise from 2021. The 2023 guidance includes revenue expectations of $1.20 billion to $1.25 billion and an Adjusted EBITDA loss of $40 million to $60 million. P3 anticipates achieving Adjusted EBITDA profitability by 2024.

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P3 Health Partners Inc. (NASDAQ: PIII), a physician-led population health management company, announced that Dr. Amir Bacchus, Co-founder and Chief Medical Officer, will participate in a fireside chat at the Jefferies Value-Based Care Summit in Miami Beach, FL on March 13, 2023, at 2:45 PM ET. Additionally, Dr. Bacchus will present at the Barclays Global Healthcare Conference on March 14, 2023, at 4:35 PM ET, with a live audio webcast available. P3 Health Partners is committed to improving healthcare outcomes through value-based care coordination, managing over 2,800 affiliated primary care providers across five states.

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P3 Health Partners Inc. (NASDAQ: PIII) has announced that CEO Dr. Sherif Abdou will present at the TD Cowen 43rd Annual Health Care Conference in Boston on March 7, 2023, at 1:30 PM Eastern Time. The presentation will include insights into the company's patient-centered healthcare model and strategies for improving patient outcomes. A live audio webcast of the presentation will be available on P3’s website, along with a replay for 30 days post-event. P3 Health Partners focuses on population health management, collaborating with over 2,800 primary care providers across five states.

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P3 Health Partners Inc. (NASDAQ: PIII) is participating in J.P. Morgan’s 41st Annual Healthcare Conference in San Francisco from January 9-12, 2023. The Company reaffirms its 2022 revenue guidance of $1.025 billion to $1.075 billion, reflecting a 61% to 69% increase from 2021. For 2023, P3 expects Medicare Advantage membership to grow to 115,000-120,000 and revenue between $1.20 billion and $1.25 billion. Adjusted EBITDA loss is forecasted at $40 million to $60 million, with expectations for positive Adjusted EBITDA in 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 $0.357 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

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PIII Stock Data

56.63M
161.76M
23.36%
23.88%
0.77%
Medical Care Facilities
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United States of America
CHICAGO