The Company operates 86 imaging centers (“JV centers”) through joint ventures with health system partners.

Touchstone Imaging of Mesquite, LLC (“TMI”), a wholly owned subsidiary of LIOI, and Baylor University Medical Center (BUMC) own a 49% and 51% interest, respectively, in BTDI. The Company accounts for TMI’s noncontrolling interest in the investment in the unconsolidated affiliate under the equity method of accounting.

The Company’s other investments in unconsolidated affiliates include Carolinas Imaging Services, LLC (“CIS”), Virtua Adult Imaging JV (“Virtua JV”), SCLTDI JV, LLC (“SCLTDI”), IH-USRS Imaging, LLC (“IH-USRS”), RLC, LLC, (“RLC”), and Tucson Medical Imaging Partners, LLC (“TMIP”). The Company has ownership interests in these entities ranging from 30% to 50%. The Company accounts for these investments in unconsolidated affiliates under the equity method of accounting.

The following is a summary of the statements of income for the investments in unconsolidated affiliates on an aggregated basis for the periods indicated (in thousands):


	THREE MONTHS ENDED MARCH 31,
	2026									2025
	BTDI			ALL OTHERS			TOTAL			BTDI			ALL OTHERS		TOTAL
Income statement:
Revenues	$	98,972		$	40,704		$	139,676		$	93,054		$	38,445	$	131,499
Expenses		73,295			33,741			107,036			69,268			29,289		98,557
Net income	$	25,677		$	6,963		$	32,640		$	23,786		$	9,156	$	32,942
Company’s share of net income	$	12,245		$	3,310		$	15,555		$	11,398		$	4,420	$	15,818
Amortization of basis difference		(500	)		(31	)		(531	)		(500	)		—		(500	)
Equity in earnings of unconsolidated affiliates	$	11,745		$	3,279		$	15,024		$	10,898		$	4,420	$	15,318