P3 Health Partners Expands Footprint Through Joint Venture With Commonwealth Primary Care ACO

P3 Health Partners has formed a joint venture with Commonwealth Primary Care ACO to expand value-based care and enhance support for primary care physicians across Arizona, California, Nevada, Oregon, and North Carolina. The partnership combines P3's strengths in Medicare Advantage, ACO, and delegated risk with Commonwealth's successful ACO REACH program. The joint venture creates a unified operational platform to serve physicians and beneficiaries, and P3 will serve as the majority owner. The partnership aims to strengthen outcomes, economics, and growth strategy while expanding into a new market.