Company: PIII
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001832511-25-000013
Chunk: 162

Company: P3 Health Partners Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 162
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 LLC.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.June 30, 2025December 31, 2024(in thousands)ASSETSCash$4,561 $5,216 Clinic fees, insurance and other receivable2,851 2,440 Prepaid expenses and other current assets468 447 Property and equipment, net32 37 Other long-term assets2,069 1,116 TOTAL ASSETS$9,981 $9,256 LIABILITIES AND MEMBERS’ DEFICITAccounts payable$311 $4,521 Accrued expenses and other current liabilities1,074 677 Accrued payroll564 3,795 Claims payable3,691 5,004 Other long-term liabilities835 919 Due to consolidated entities of P348,265 40,264 TOTAL LIABILITIES54,740 55,180MEMBERS’ DEFICIT(44,759)(45,924)TOTAL LIABILITIES AND MEMBERS’ DEFICIT$9,981 $9,256 

P3 Health Partners Inc. | Q2 2025 Form 10-Q | 21

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)Revenue$5,395 $9,354 $13,554 $19,118 Expense4,525 9,803 12,679 19,700 Net income (loss)$870 $(449)$875 $(582)

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 $0.7 million for the three months ended June 30, 2025 and $1.4 million for the six months ended June 30, 2025, which are included in medical expenses in the condensed consolidated statements of operations. There were no service expenses for the same periods in