Company: PIII
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001832511-25-000025
Chunk: 102

Company: P3 Health Partners Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 102
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 assets— 314 Accumulated impairment— (8,058)Total assets$— $403 Liabilities:Accrued expenses and other current liabilities$— $56 Operating lease liability— 297 Total liabilities$— $353 Net assets$— $50 

P3 Health Partners Inc. | Q3 2025 Form 10-Q | 16

Note 7: Intangible AssetsIntangible assets, net consisted of the following:September 30, 2025December 31, 2024Gross CarryingAmountAccumulatedAmortizationNet CarryingAmountGross CarryingAmountAccumulatedAmortizationNet CarryingAmount(in thousands)Indefinite lived intangible assets:Medical licenses$700 $— $700 $700 $— $700 Definite lived intangible assets:      Customer relationships671,819 (256,758)415,061 671,819 (206,951)464,868 Trademarks148,635 (57,353)91,282 148,635 (46,427)102,208 Payor contracts4,700 (1,763)2,937 4,700 (1,410)3,290 Provider network4,734 (1,802)2,932 4,734 (1,450)3,284 Total$830,588 $(317,676)$512,912 $830,588 $(256,238)$574,350 Amortization of intangible assets was $20.5 million and $21.0 million during the three months ended September 30, 2025 and 2024, respectively, and $61.4 million and $63.1 million during the nine months ended September 30, 2025 and 2024, respectively.

Note 8: DebtLong-term DebtLong-term debt consisted of the following:September 30, 2025December 31, 2024(in thousands)Repurchase promissory note, interest paid at 11.0%, due June 2026$33,242 $30,091 Term loan facility, interest paid at 12.0%, due September 202782,758 75,155 VGS 1 promissory note, interest paid at 13.5%, due June 202847,911 38,