P3 Health Partners to Report Fourth Quarter and Full Year 2023 Financial Results on March 28, 2024

P3 Health Partners Inc. (“P3” or the “Company”) (NASDAQ: PIII), a patient-centered and physician-led population health management company, announces that the Company plans to release its financial results for the fourth quarter and full year 2023 on March 28, 2024 and is reaffirming its 2024 guidance.

The Company expects to file its Annual Report on Form 10-K for the year ended December 31, 2023, with the SEC within the extension period provided by Rule 12b-25 of the Exchange Act of 1934, as amended, and will host a conference call to discuss full financial results and current business outlook after the close of the stock market on March 28, 2024.

Title & Webcast	P3 Health Fourth Quarter and Full Year 2023 Earnings Conference Call
Date & Time	March 28, 2024, 4:30pm Eastern Time
Conference Call Details	Toll-Free 1-833-316-0546 (US) International 1-412-317-0692 Ask to be joined into the P3 Health Partners call
The conference call will also be webcast live in the "Events & Presentations" section of the Investor page of the P3 website (ir.p3hp.org). The Company’s press release will be available on the Investor page of P3’s website in advance of the conference call. An archived recording of the webcast will be available on the Investor page of P3’s website for a period of 90 days following the conference call.

We are reaffirming our 2024 guidance based on stable utilization trends in early 2024 relative to prior periods. We did not observe elevated medical costs in the months of October or November but did see a modest increase for the month of December, then a return to normalized seasonally adjusted levels in January. We continue to have confidence in our current estimates of medical expenses for the full year 2024. Further, we observed strong membership growth in early 2024 to a total of approximately 121,000 Medicare risk members from 108,900 at year end 2023.

We began 2024 with approximately $40 million in cash. We are in the process of sourcing additional debt capital of approximately $25 million to meet our projected growth pipeline and for general corporate purposes, resulting in an anticipated cash balance of approximately $55 million post-financing which is expected to close late March or early April 2024.