Business
P3 Health Partners Closes Business Combination with Foresight Acquisition Corp. and Will Begin Trading on the Nasdaq
P3 Health Partners to Begin Trading December 6th on the Nasdaq Under Ticker Symbol “PIII” NEW YORK, Dec. 03, 2021 (GLOBE NEWSWIRE) -- P3 Health Partners (“P3”
About this update from P3 Health Partners Inc.
[{"type":"text","content":"P3 Health Partners to Begin Trading December 6th on the Nasdaq Under Ticker Symbol “PIII”\nNEW YORK, Dec. 03, 2021 (GLOBE NEWSWIRE) -- P3 Health Partners (“P3” or “Company”), a patient-centered and physician-led population health management company, announced today that it has closed its previously announced business combination with Foresight Acquisition Corp. (Nasdaq: FORE) (“Foresight”). The transaction was approved at a special meeting of Foresight’s stockholders on December 3, 2021. The combined company will be named P3 Health Partners Inc. and will be led by P3’s management team. Its shares of Class A common stock and warrants are expected to begin trading December 6, 2021, on the Nasdaq under the ticker symbols “PIII” and “PIIIW”, respectively. “At P3, we utilize our proven care model to empower patients and providers and believe the job of managing patient health goes far beyond the clinic,” said Sherif Abdou, M.D., CEO of P3. “It is an absolute honor and privilege to be invited into our patients’ lives during their times of need, and we believe our entry into the public markets will enable P3 to continue supporting whole-patient wellness and preventative care with our value-based model while expanding our reach into more markets across the U.S.” “The management team at P3 includes experienced physicians and leaders who have built an outstanding population health management company,” said Mark Thierer, Chairman of P3. “As I step into the role of Chairman, I look forward to working with the team to transform healthcare and improve patient outcomes. Our mindset is to grow with purpose and discipline, expand within existing markets and strategically enter new markets. With 10,000 seniors aging into Medicare each day and many of those choosing Medicare Advantage plans, P3 has a tremendous opportunity to make a difference in patients’ lives.” “As physicians, Dr. Abdou and I understand how important it is to alleviate administrative burdens for our provider partners and give them more time to focus on what they love most about their profession – helping patients,” said Dr. Amir Bacchus, Chief Medical Officer of P3. “The partnership approach we take has resulted in 99% physician retention and better patient outcomes, evidence that we are empowering our patients and providers. Beyond these two key stakeholder groups, we are also...