P3 Health Partners Inc. Post-effective amendment to a registration statement that is not immediately effective upon filing

Business Combinations (Tables)

12 Months Ended

Dec. 31, 2022


Leasehold improvements	$	1,537
Furniture and fixtures		1,081
Computer equipment and software		3,066
Medical equipment		414
Software (development in process)		1,777
Total property and equipment	$	7,875


	Year Ended
	December 31,2021
	(Unaudited)
Total operating revenue	$	793,447
Net loss	$	(259,282)
Net loss attributable to non-controlling interest	$	(214,167)
Net loss attributable to controlling interest	$	(45,115)


Equity	$	80,301
Fair value of redeemable non-controlling interest		1,807,428
Stock compensation pre-combination services		26,313
Cash consideration		18,405
Payment of P3 LLC’s transaction costs		19,152
Total purchase consideration	$	1,951,599


Assets acquired:
Cash	$	5,301
Restricted cash		54
Health plan receivables		47,733
Clinic fees and insurance receivables, net		426
Other receivables		1,881
Prepaid expenses and other current assets		939
Property and equipment		7,875
Definite lived intangible assets:
Customer relationships		684,000
Provider network		3,700
Trademarks		147,700
Goodwill		1,278,453
Operating lease right-of-use assets⁽¹⁾		10,604
Total assets acquired		2,188,666

Liabilities assumed:
Accounts payable and accrued expenses		25,819
Accrued payroll		2,869
Health plan settlements payable		25,008
Claims payable		76,031
Premium deficiency reserve		11,559
Accrued interest		9,269
Current portion of long-term debt		301
Operating lease liability		6,211
Long-term debt, net of current portion		80,000
Total liabilities assumed		237,067
Net assets acquired	$	1,951,599

(1)	Included within other long-term assets on the consolidated balance sheet.


	Successor		Predecessor
	Period		Period
Assets acquired:
Cash	$	20,547	$	3
Restricted cash		302		—
Health plan receivables		5,754		—
Clinic fees and insurance receivables, net		141		—
Other receivables		726		—
Prepaid expenses and other current assets		1,190		—
Property and equipment		113		6
Definite lived intangible assets:
Customer relationships		—		2,046
Payor contracts		4,700		—
Provider network		1,100		—
Trademarks		900		—
Indefinite lived intangible assets:
Medical licenses		700		—
Goodwill		31,298		2,934
Total assets acquired	$	67,471	$	4,989
Liabilities assumed:
Accounts payable		150		—
Accrued payroll		277		—
Health plan settlements payable		133		—
Claims payable		26,898		—
Total liabilities assumed		27,458		—
Net assets acquired	$	40,013	$	4,989