Foresight Acquisition Files Proxy on $2.3B P3 Deal

Foresight Acquisition

Foresight Acquisition filed a proxy statement today outlining details of its proposed merger with P3 Health Partners. The deal values the combined company at $2.3 billion. A shareholder vote is set for Nov. 18.

Announced in May, proceeds would consist of up to $316 million of cash held in Foresight’s trust, assuming no redemptions, and an additional $200 million PIPE, including participation from funds and accounts managed by Fidelity Management & Research Company and Janus Henderson Investors.

P3 is a physician-led population health management company that supports providers, physicians, and practices in value-based systems of care and wellness. P3 is a portfolio company of Chicago Pacific Founders who provided P3’s initial and growth capital.

Pending regulatory and shareholder approvals, upon closing P3 Health Partners would list on the Nasdaq. Read more.

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