5. Goodwill, Long Lived Asset Impairments and Loss on Disposal of Businesses:

During the second quarter of 2024, the Company experienced a triggering event, due to a sustained decline in its stock price and a market capitalization below the Company’s book equity value. As a result, the Company performed an interim goodwill impairment assessment. This assessment resulted in a non-cash goodwill impairment charge of $154.2 million.

During the second quarter of 2024, the Company recognized fixed asset impairments of $20.1 million and intangible asset impairments of $7.7 million associated with the exit of its affiliated office-based practices. In addition, the Company recognized a loss on disposal of businesses of $10.9 million associated with the exit of its primary and urgent care service line.