P3 Health Partners (PIII)
Runs at-risk Medicare Advantage arrangements through local primary-care-provider networks.
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Runs at-risk Medicare Advantage population-health arrangements through local primary-care-provider networks in five U.S. states. Its model combines physician leadership, data and technology, care coordination, and community outreach; the Nasdaq-listed parent is the sole manager of P3 LLC, which holds substantially all operations.
Runs at-risk population-health-management arrangements for insurance plans serving Medicare Advantage beneficiaries. Local primary-care-provider networks execute care coordination and administrative support, while physician leadership, data and technology, and community outreach underpin the model.
Commercial operations began in 2017, and P3 works across five U.S. states. It supports patients, providers, and caregivers with a care model designed to improve outcomes and lower care costs.
The public company was formed through a 2021 combination with Foresight Acquisition Corp. It is the sole manager of P3 LLC, which holds substantially all operating assets and operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 11, 2026 | Lake Street | Reiterate | Rating: —Target: $4 | Target: $23 |
| May 15, 2026 | UBS | Target | Target: — | Target: $14 |
| Mar 27, 2026 | Lake Street | Reiterate | Rating: —Target: $12.50 | Target: $4 |
| Nov 17, 2025 | Lake Street | Reiterate | Rating: —Target: $20 | Target: $12.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $21.3M · Total debt $130.3M · Total assets $654.4M · Shareholders' equity $72.2M
- Revenue
- $386.4M
- Operating income
- $41.2M
- Net income
- $7.4M
No dividends on record.
| Institutions | 3.98% | 288.9K shares | |
|---|---|---|---|
| 19 holders · as of Jun 30, 2026 | |||
| Insiders | 0.44% | 31.7K shares | |
| 4 holders · as of Jan 23, 2026 | |||
| Strategic holders | 11.43% | 829.7K shares | |
| 1 holder · as of Aug 14, 2026 | |||
| Other | 84.15% | 6.11M shares | |
| remainder | |||
7.26M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (7.26M in the company's Sep 22, 2026 report, 3.28M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Hudson Vegas Investment SPV, LLCStrategic10 percent owner | 11.43% | 100,000 A · 729,651 V | filed Aug 14, 2026 |
HRT Financial LPInstitution | 0.75% | 54,717 A | as of Jun 30, 2026 |
Jane Street Group, LLCInstitution | 0.75% | 54,495 A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 0.57% | 41,484 A | as of Jun 30, 2026 |
Myda Advisors LLCInstitution | 0.28% | 20,000 A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Hudson Vegas Investment SPV, LLC | 10 percent owner | −50,000 | $16.48 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| P3 Health Partners | $7.78 | +2.37% | $24.9M | — | — | 0.0 | +8.6% |
| Agilon Health | $88.37 | +0.39% | $1.47B | — | — | 0.2 | +7.2% |
| Astrana Health | $35.36 | +5.39% | $1.66B | 41.0 | 21.4 | 0.4 | +48.5% |
| CVS Health | $87.26 | −0.39% | $111.77B | 23.2 | 10.8 | 0.3 | +7.3% |
| Median | 32.1 | 16.1 | 0.3 | +7.3% |