P3 Health Partners
- 🦄Became a unicorn2021
- 📈Peak valuation$2.3 Billion ’21
- 💔Became a Unitard2022
- 💸Last valuation estimate~$69M
The rise & fall
6 moments · 2017–2024The key moments, with employee sentiment along the way.
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
P3 Health Partners is a value-based primary-care company managing Medicare Advantage patients under risk-based contracts, and it went public in December 2021 via a $2.3B SPAC merger with Foresight Acquisition Corp, with a PIPE backed by Fidelity and Janus Henderson.
Heavy losses and the harsh economics of managed care battered the stock, which collapsed roughly 97% to a market value around $60M and faced Nasdaq delisting.
Source: GlobeNewswire / DealFlow / stockanalysis ($2.3B EV / $2.4B equity de-SPAC via Foresight Acquisition Corp Dec 2021, PIPE incl. Fidelity and Janus Henderson; stock fell to ~$62M market cap)
Who ran it
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
Disclosed investors (4)
Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.
* Lead in a funding round · Crunchbase ↗ · 2026-10-13 · Methodology · Leaderboard
