P3 Health Partners Forms MSO Joint Venture with Commonwealth Primary Care ACO

Reuters11-14
P3 Health Partners Forms MSO Joint Venture with Commonwealth Primary Care ACO

P3 Health Partners Inc., through its wholly-owned subsidiary P3 Health Partners REACH ACO, LLC, has entered into an agreement with Commonwealth Primary Care ACO, LLC to form a new joint venture, P3 Commonwealth Innovation MSO, LLC. The newly created management services organization will oversee administrative and operational support, including financial management, compliance, data analytics, and clinical integration, for both parties' accountable care organizations. P3 ACO holds an 80% membership interest in the joint venture, while CPC ACO holds 20%. The MSO will be managed by a five-member board, with P3 ACO appointing three members and CPC ACO appointing two. The agreement includes provisions for the redemption of CPC ACO's interest in the future and outlines a management fee structure, as well as a share of net savings from the ACOs beginning in 2026.

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