Company: PIII
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001832511-25-000013
Chunk: 111

Company: P3 Health Partners Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 111
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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 2024. The Company recorded accrued expenses of $4.1 million and $2.7 million as of June 30, 2025 and December 31, 2024, respectively. There was no accounts payable as of June 30, 2025 and December 31, 2024.Nevada Behavioral Health SystemsThe Company has a managed behavioral health agreement in place with NBHS whereby NBHS is delegated to provide or arrange for the provision of all behavioral health services needed for the Company’s fully delegated members in the Nevada market. The Company recorded NBHS service expense of $0.1 million and $0.3 million for the three and six months ended June 30, 2024, respectively, which are included in medical expenses in the condensed consolidated statements of operations. An immaterial amount of service expense was recorded for the three and six months ended June 30, 2025. There