P3 Health Partners Names Dr. Aric Coffman as CEO
May 08 2024 - 4:05PM
Business Wire
P3 Health Partners Inc. (“P3” or the “Company”) (NASDAQ: PIII),
today named Dr. Aric Coffman as P3’s Chief Executive Officer,
effective as of May 8, 2024, succeeding Dr. Sherif Abdou, P3’s
Co-Founder. Dr. Abdou will continue to serve as a Strategic Advisor
to P3, and a member of the Company’s Board of Directors working
closely with Dr. Coffman to ensure a smooth transition.
Dr. Coffman is an exceptional physician leader with a proven
track record of success in the value-based care sector, most
recently as the CEO of Honest Medical Group, a Rubicon Founders
portfolio company. He brings over two decades of experience in
leading provider organizations in delivering high quality, highly
efficient healthcare delivery for seniors in the Medicare Advantage
and ACO market. Prior to his tenure at Honest, Dr. Coffman was the
CEO of the Everett Clinic and Northwest Physicians Network (Part of
OptumCare) where he doubled MA membership and led them into the
full risk DSNP market segment. During his tenure at Honest he
successfully grew the company from start up to a multistate,
multi-payer senior focused, provider enablement organization.
Thanks to his prior experience working with members of our
leadership team including Dr. Abdou, Dr. Amir Bacchus (Co-Founder
& CMO) and Bill Betterman (COO), we are confident Dr. Coffman
will be warmly welcomed by the P3 team.
“Sherif and I agree that now is the right time to bring in new
leadership, and Dr. Aric Coffman is exceptionally well-suited to
advance our long-term strategy,” said Mark Thierer, P3’s Chairman
of the Board. “Aric is a respected and accomplished,
growth-oriented leader with extensive management expertise and a
great track record in the value-based care sector.”
“I am thrilled to join the amazing team of professionals and
clinicians at P3 and to build on the successful foundation that Dr.
Abdou and Dr. Bacchus have established. I believe deeply in the
holistic value-based care delivery model that is enabled by
Medicare Advantage and its ability to improve the quality of care
for seniors,” said Dr. Coffman.
“I am extremely proud of and grateful to the team we have built
at P3 Health Partners. We started P3 in 2017 and built the company
into one of the leading value-based care platforms today,” said Dr.
Abdou. “It gives me great satisfaction to be able to attract
someone of Dr. Coffman’s reputation and accomplishment to lead P3’s
next chapter of growth and success.”
Mr. Thierer continued, “On behalf of the Board, I would like to
welcome Dr. Coffman in as the new CEO of P3 Health Partners. I
would also like to thank Dr. Abdou for his excellent service as CEO
since 2017 and look forward to our continued work together on
behalf of P3.”
About P3 Health Partners (NASDAQ: PIII):
P3 Health Partners Inc. is a leading population health
management company committed to transforming healthcare by
improving the lives of both patients and providers. Founded and led
by physicians, P3 has an expansive network of more than 2,900
affiliated primary care providers across the country. Our local
teams of health care professionals manage the care of thousands of
patients in 27 counties across five states. P3 supports primary
care providers with value-based care coordination and
administrative services that improve patient outcomes and lower
costs. Through partnerships with these local providers, the P3 care
team creates an enhanced patient experience by navigating,
coordinating, and integrating the patient’s care within the
healthcare system. For more information, visit www.p3hp.org and
follow us on LinkedIn and Facebook.com/p3healthpartners.
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version on businesswire.com: https://www.businesswire.com/news/home/20240508725317/en/
Kassi Belz EVP Marketing and Communications P3 Health Partners
kbelz@p3hp.org
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