P3 Health Partners, LLC entered into a Statement of Work effective March 19, 2026, with a large nonprofit health insurance provider in Nebraska, incorporating a Master Services Agreement. The Company will provide clinical, operational, and data-driven support to primary care providers in the Client’s Medicare Advantage network, receiving management fees for 2026-2027 and transitioning to a global risk agreement thereafter through at least 2030.
Key takeaways
Entered Statement of Work (SOW) effective March 19, 2026, with large nonprofit health insurance provider (Client) in Nebraska under Master Services Agreement (MSA) dated March 5, 2026.
Provides clinical, operational, and data-driven support under Care Enablement Model to primary care providers in Client’s Medicare Advantage network in Nebraska.
Client pays management services fees for performance years 2026 and 2027; global risk agreement for 2028 and after.
MSA initial term through December 31, 2030, with automatic annual renewals unless 180 days' notice.
Termination rights include material breach after cure period, bankruptcy, change of control; Client may terminate on 90 days' notice if 2026 performance fails metrics or key persons depart.
Break-up fee owed by Client if it opts not to bid for Medicare Advantage plan for 2027-2028, not exceeding agreed-upon amount.