Company: PIII
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001832511-25-000013
Chunk: 100

Company: P3 Health Partners Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 100
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 assets, clinical and non-clinical, exclusively or primarily used by the MA-related businesses operated out of Apollo Beach and Clearwater, Florida, for a purchase price of approximately $0.1 million. An immaterial loss on disposal was recognized and is included in other income (expenses) in the Company’s condensed consolidated statements of operations.Net assets classified as held for sale for the Company’s remaining Florida operations are summarized as follows:June 30, 2025December 31, 2024(in thousands)Assets:Property and equipment, net$— $571 Intangible assets, net— 7,576 Other long-term assets— 314 Accumulated impairment— (8,058)Total assets$— $403 Liabilities:Accrued expenses and other current liabilities$— $56 Operating lease liability— 297 Total liabilities$— $353 Net assets$— $50 

Note 7: Intangible AssetsIntangible assets, net consisted of the following:June 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 (240,156)431,663 671,819 (206,951)464,868 Trademarks148,635 (53,703)94,932 148,635 (46,427)102,208 Payor contracts4,700 (1,645)3,055 4,700 (1,410)3,290 Provider network4,734 (1,684)3,050 4,734 (1,450)3,284 Total$830,588 $(297,188)$533,400 $830,588 $(256,238)$574,350 Amortization of intangible assets was $20.5 million and $21.0 million during the three months ended June 30, 2025 and 2024, respectively, and $40.9 million and $42.1 million during the six months ended June 30, 2025 and 2024, respectively.

P3 Health Partners