v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
We report the results of our operations as three segments in our unaudited condensed consolidated financial statements: (i) the hospital division, (ii) the population health management division and (iii) the real estate division. Reportable segment information, including intercompany transactions, is presented below (in thousands):
June 30,December 31,
20262025
Assets:
Hospital division$893,207 $851,344 
Population health management division31,387 29,505 
Real estate division40,035 37,676 
Total Assets$964,629 $918,525 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenue from external customers:
Hospital division$201,852 $236,302 $409,422 $440,249 
Population health management division8,900 7,683 17,815 15,525 
Total revenue$210,752 $243,985 $427,237 $455,774 
Revenue from inter-segment activities:
Real estate division$1,177 $824 $2,354 $1,443 
Segment expenses:
Hospital division
Payroll$42,307 $35,904 $83,136 $70,483 
Contract services(5,214)54,028 47,690 85,788 
Medical supplies5,342 4,812 9,351 8,613 
Other hospital division expenses12,685 11,191 28,047 22,460 
Hospital division expenses55,120 105,935 168,224 187,344 
Population health management division expenses9,036 7,880 15,195 14,830 
Total segment expenses$64,156 $113,815 $183,419 $202,174 
Depreciation and amortization:
Hospital division$4,899 $4,800 $9,778 $9,443 
Population health management division341 339 681 679 
Real estate division77 109 350 218 
Total depreciation and amortization$5,317 $5,248 $10,809 $10,340 
Segment gross profit (loss):
Hospital division$141,833 $125,569 $231,420 $243,464 
Population health management division(477)(536)1,939 16 
Real estate division(77)(109)(350)(218)
Total segment gross profit$141,279 $124,924 $233,009 $243,262 
Consolidated operating income:
Total segment gross profit$141,279 $124,924 $233,009 $243,262 
Corporate and other costs(19,561)(91,245)(30,026)(128,922)
Consolidated operating income$121,718 $33,679 $202,983 $114,340 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Segment income:
Hospital division
Hospital division gross profit$141,833 $125,569 $231,420 $243,464 
Interest expense, net6,768 5,848 13,346 11,423 
Other expense(26)4,300 (4)7,654 
Hospital division income before income taxes$135,091 $115,421 $218,078 $224,387 
Population health management division income before income taxes(470)(535)1,952 19 
Real estate division loss before income taxes(77)(109)(350)(218)
Non-segment loss before income taxes(17,459)(91,045)(26,035)(129,240)
Income before income taxes$117,085 $23,732 $193,645 $94,948 
Capital expenditures:
Hospital division$1,743 $776 $3,952 $897 
Total capital expenditures$1,743 $776 $3,952 $897