v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Selected Financial Information of Reportable Segments
Selected financial information, including significant segment expenses, for our reportable segment is as follows (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Net operating revenues$1,597.4 $1,457.7 $3,184.0 $2,913.1 
Less:
Salaries and benefits820.3 767.7 1,638.4 1,530.0 
Other operating expenses252.8 213.5 494.4 430.8 
Occupancy costs14.7 14.7 29.9 29.6 
Supplies66.1 63.1 130.4 125.3 
General and administrative expenses45.0 41.7 92.5 85.0 
Net income attributable to noncontrolling interests53.5 42.8 107.2 87.8 
Other segment items(1)
(3.0)(4.4)(5.6)(7.6)
Adjusted EBITDA$348.0 $318.6 $696.8 $632.2 
(1)Includes interest and dividend income, investment gain or loss, and equity in net income of nonconsolidated affiliates.
Schedule of Reconciliation of Segment Adjusted EBITDA to Income from Continuing Operations Before Income Tax Expense
Segment reconciliation (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Adjusted EBITDA$348.0 $318.6 $696.8 $632.2 
Stock-based compensation(13.8)(14.3)(25.3)(23.8)
Depreciation and amortization(90.4)(79.9)(177.7)(159.1)
Loss on disposal or impairment of assets(2.1)(0.3)(2.4)(0.5)
Loss on early extinguishment of debt(3.2)— (3.4)— 
Interest expense and amortization of debt discounts and fees(32.8)(30.4)(64.6)(62.2)
Net income attributable to noncontrolling interests53.5 42.8 107.2 87.8 
Change in fair market value of marketable securities2.4 0.3 2.2 1.0 
Gain on sale of Gamma Knife— — 17.5 — 
Income from continuing operations before income tax expense$261.6 $236.8 $550.3 $475.4 
Schedule of Reconciliation of Revenue from Segments to Consolidated
Additional detail regarding the revenues of our operating segment by service line follows (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Net operating revenues:
Inpatient$1,551.6 $1,413.7 $3,085.3 $2,831.4 
Other45.8 44.0 98.7 81.7 
Net operating revenues$1,597.4 $1,457.7 $3,184.0 $2,913.1