Company: PIII
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001832511-25-000025
Chunk: 113

Company: P3 Health Partners Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 113
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 may not use or access any net assets of the Network VIEs to settle its obligations or the obligations of its wholly owned subsidiaries. Additionally, the creditors of the Network VIEs do not have recourse to the net assets of P3 LLC.

P3 Health Partners Inc. | Q3 2025 Form 10-Q | 22

Since P3 LLC represents substantially all the assets and liabilities of the Company, the following tables provide a summary of the assets, liabilities, and operating performance of only VIEs held at the P3 LLC level.September 30, 2025December 31, 2024(in thousands)ASSETSCash$5,582 $5,216 Clinic fees, insurance and other receivable3,114 2,440 Prepaid expenses and other current assets480 447 Property and equipment, net32 37 Intangible assets, net688 — Other long-term assets2,064 1,116 TOTAL ASSETS$11,960 $9,256 LIABILITIES AND MEMBERS’ DEFICITAccounts payable$566 $4,521 Accrued expenses and other current liabilities961 677 Accrued payroll831 3,795 Claims payable3,566 5,004 Other long-term liabilities929 919 Due to consolidated entities of P349,653 40,264 TOTAL LIABILITIES56,506 55,180MEMBERS’ DEFICIT(44,546)(45,924)TOTAL LIABILITIES AND MEMBERS’ DEFICIT$11,960 $9,256 Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Revenue$6,581 $8,923 $20,135 $28,041 Expense6,579 8,379 19,258 28,079 Net income (loss)$2 $544 $877 $(38)

Note 14: Related PartiesChicago Pacific Founders (“CPF”), a principal equity holder of the Company, has an equity investment in Allymar Health Solutions ("Allymar") and Nevada Behavioral Health Systems ("NBHS").Allymar Health SolutionsThe Company has a master services agreement in place with Allymar whereby Allymar provides support services and tools for the Company and its contracted providers in arranging for or delivering services to its members.  The Company recorded Allymar service expenses of $3.