P3 Health Partners SPAC Presentation Deck
Right Space
Right Team
Right Model
...Allowing Us To Grow Into The Rapidly Expanding MA Opportunity That Is Uniquely
Addressed By Nextgen Provider Organizations
Medicare Advantage % of Total Medicare Enrollment¹
ΜΑ
Lives
P3
2010
~11mm
Health
Partners
24%
~68k MA lives
39%
OPRIVIA
HEALTH
2020
~24mm
NextGen Providers²
OAK
STREET
HEALTH
-83k MA lives ~109k MA lives
CanoHealth
-85k MA lives
51%
2030
-33mm
agilon health
-210k MA lives
Key Tailwinds
Aging U.S. population: 49mm people age 65+ in 2016 →
81mm by 20404
► 10,000 seniors age into Medicare each day, with -39%
choosing MA plans4,1
Medicare Advantage spend expected to grow ~9%
annually from ~$300bn to $450bn+ between 2021-
2025, representing 40% of total Medicare spend5
➤ 67% of Medicare beneficiaries have 2+ chronic
conditions6
Individuals with 2+ chronic conditions account for 94%
of Medicare spending6
➤ 99% of Medicare beneficiaries have access to at
least one MA plan¹
~2% of Total MA Enrollment³
1 Kaiser Family Foundation; 2 P3 MA lives projected as of FYE 2021, Privia MA lives as of FYE 2020, Oak Street MA lives represent midpoint of FYE 2021 management guidance as of 3/31/21, Cano Health MA lives as of Investor & Analyst Day Presentation on 3/04/21, agilon MA lives as of
S-1 filed on 3/18/21; 3 Based on 2020 total MA enrollment of ~24mm; 4 U.S. Census Bureau; 5 CMS Medicare Trustees Report (2019) and equity research; 6 July 2020 State of Medicare Advantage Report, Better Medicare Alliance
10
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