| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three-Month Period Ended June 30, 2025 | | Home Health | | Hospice | | High Acuity Care | | Other(1) | | Total | Net service revenue | $ | 396.2 | | | $ | 215.0 | | | $ | 10.7 | | | $ | — | | | $ | 621.9 | | Cost of service, inclusive of depreciation | 232.0 | | | 109.1 | | | 7.4 | | | — | | | 348.5 | | General and administrative expenses | 94.9 | | | 50.7 | | | 5.9 | | | 71.0 | | | 222.5 | | Depreciation and amortization | 2.0 | | | 0.8 | | | 0.8 | | | 0.8 | | | 4.4 | | Impairment | — | | | — | | | — | | | 0.9 | | | 0.9 | | Operating expenses | 328.9 | | | 160.6 | | | 14.1 | | | 72.7 | | | 576.3 | | Operating income (loss) | $ | 67.3 | | | $ | 54.4 | | | $ | (3.4) | | | $ | (72.7) | | | $ | 45.6 | | | | | | | | | | | | | For the Three-Month Period Ended June 30, 2024 | | Home Health | | Hospice | | High Acuity Care | | Other(1) | | Total | Net service revenue | $ | 377.4 | | | $ | 204.0 | | | $ | 9.8 | | | $ | — | | | $ | 591.2 | | Cost of service, inclusive of depreciation | 216.0 | | | 104.6 | | | 6.4 | | | — | | | 327.0 | | General and administrative expenses | 92.4 | | | 48.7 | | | 5.4 | | | 61.1 | | | 207.6 | | Depreciation and amortization | 1.9 | | | 0.8 | | | 0.8 | | | 0.9 | | | 4.4 | | Operating expenses | 310.3 | | | 154.1 | | | 12.6 | | | 62.0 | | | 539.0 | | Operating income (loss) | $ | 67.1 | | | $ | 49.9 | | | $ | (2.8) | | | $ | (62.0) | | | $ | 52.2 | | | | | | | | | | | | | For the Six-Month Period Ended June 30, 2025 | | Home Health | | Hospice | | High Acuity Care | | Other(1) | | Total | Net service revenue | $ | 775.5 | | | $ | 421.1 | | | $ | 20.0 | | | $ | — | | | $ | 1,216.6 | | Cost of service, inclusive of depreciation | 452.3 | | | 215.7 | | | 14.5 | | | — | | | 682.5 | | General and administrative expenses | 189.6 | | | 100.4 | | | 11.0 | | | 134.5 | | | 435.5 | | Depreciation and amortization | 4.0 | | | 1.6 | | | 1.7 | | | 1.5 | | | 8.8 | | Impairment | — | | | — | | | — | | | 0.9 | | | 0.9 | | Operating expenses | 645.9 | | | 317.7 | | | 27.2 | | | 136.9 | | | 1,127.7 | | Operating income (loss) | $ | 129.6 | | | $ | 103.4 | | | $ | (7.2) | | | $ | (136.9) | | | $ | 88.9 | | | | | | | | | | | | | For the Six-Month Period Ended June 30, 2024 | | Home Health | | Hospice | | High Acuity Care | | Other(1) | | Total | Net service revenue | $ | 741.4 | | | $ | 405.0 | | | $ | 16.2 | | | $ | — | | | $ | 1,162.6 | | Cost of service, inclusive of depreciation | 426.4 | | | 209.9 | | | 12.2 | | | — | | | 648.5 | | General and administrative expenses | 183.4 | | | 96.8 | | | 11.3 | | | 130.1 | | | 421.6 | | Depreciation and amortization | 3.7 | | | 1.5 | | | 1.7 | | | 1.8 | | | 8.7 | | Operating expenses | 613.5 | | | 308.2 | | | 25.2 | | | 131.9 | | | 1,078.8 | | Operating income (loss) | $ | 127.9 | | | $ | 96.8 | | | $ | (9.0) | | | $ | (131.9) | | | $ | 83.8 | |
(1) General and administrative expenses for our corporate support function includes $26.3 million and $43.0 million in merger-related expenses for the three and six-month periods ended June 30, 2025, respectively, and $11.9 million and $32.6 million in merger-related expenses for the three and six-month periods ended June 30, 2024, respectively.
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