---
schema_version: "secwatch.filing_event.v1"
accession: "0001832511-26-000006"
form_type: "8-K"
ticker: "PIII"
cik: "0001832511"
company_name: "P3 Health Partners Inc."
filed_at: "2026-03-25T23:59:59+00:00"
generated_at: "2026-05-15T09:03:29.637869+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# P3 Health Partners enters Nebraska Medicare Advantage agreement with large nonprofit health insurer

## Summary
- P3 will provide clinical, operational, and data-driven support to primary care providers in client’s Nebraska Medicare Advantage network.
- Management services fees for performance years 2026 and 2027; global risk arrangement for 2028 and beyond.
- Master Services Agreement initial term through Dec 31, 2030, with automatic one-year renewal unless 180-day notice given.
- Client may terminate SOW upon 90-day notice if P3 fails to meet agreed performance metrics for 2026 or if key persons depart.
- If client opts not to pursue CMS Medicare Advantage bid for 2027-2028, SOW terminates with break-up fee covering actual costs plus direct termination costs, capped at an agreed amount.

## SEC filing metadata
- accession: 0001832511-26-000006
- form_type: 8-K
- ticker: PIII
- cik: 0001832511
- company_name: P3 Health Partners Inc.
- filed_at: 2026-03-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832511/000183251126000006/0001832511-26-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832511/000183251126000006/piii-20260319.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001832511-26-000006
- JSON: https://secwatch.observer/filing/0001832511-26-000006.json
- Plain text: https://secwatch.observer/filing/0001832511-26-000006.txt

## Key facts
- Material Agreements
  P3 Health Partners Inc. entered into Statement of Work with a large nonprofit health insurance provider in the state of Nebraska (effective 2026-03-19).
  - Action: entry
  - Counterparty: a large nonprofit health insurance provider in the state of Nebraska
  - Effective: 2026-03-19
  source text: Effective as of March 19, 2026, P3 Health Partners, LLC (the “Company”) entered into a Statement of Work (the “SOW”) with a large nonprofit health insurance provider in the state of Nebraska (the “Client”), which incorporates the terms of a Master Services Agreement between the parties (the (the “MSA,” and together with the SOW, the “Agreements”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832511/000183251126000006/0001832511-26-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.