P3 Health Partners, a health management company, expects to acquire health plan Medcore HP, and Omni IPA Medical Group, an independent practice association in San Joaquin County, California.
The transaction is expected to close by the end of the year.
Following the close of the transaction, P3 will have access to Medcore HP’s restricted Knox Keene license, which will allow it to take global risk from other health plans and grow into additional markets while increasing the company’s access to patients, physicians, hospitals, and payers. MHP contracts directly with major health plans in California and its health plan license allows it to take global risk on more than 10,500 Medicare Advantage members in San Joaquin County. Read more.
