P3 Health Partners forms MSO JV with Commonwealth Primary Care ACO (80/20 split)

P3 Health Partners Inc.

P3 subsidiary P3 ACO holds 80% interest; CPC ACO holds 20% in new MSO Delaware LLC.
MSO will manage ACO activities: shared services, financial mgmt, compliance, data analytics.
Management fee equals liabilities assumed plus fair-market-value margin; shared savings from 2026.
P3 ACO may redeem CPC ACO's interest after three years; CPC can force redemption if P3 fails to act.

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