Subsequent Events |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Note 19—Subsequent Events On October 6, 2026, the Company acquired all of the outstanding equity interests of NexDine, LLC and Xendella, LLC (collectively, “NEXDINE Hospitality”) for approximately $93.5 million, subject to customary adjustments, plus contingent consideration payable upon the achievement of certain performance conditions following the closing. The cash consideration payable at closing was funded using cash on hand. NEXDINE Hospitality provides dining and hospitality management services, including services to the senior living market. The transaction expands the Company’s footprint, capabilities and growth potential in the hospitality-driven senior living market with a partner that is culturally aligned with the Company’s values. The acquisition will be accounted for as a business combination. Because the acquisition occurred after September 30, 2026, the acquired assets, assumed liabilities and operating results of NEXDINE Hospitality are not included in the Company’s condensed consolidated financial statements for the periods presented. Due to the proximity of the acquisition date to the issuance of these financial statements, the initial accounting for the acquisition remains incomplete. Accordingly, the Company is unable to disclose the acquisition-date fair value of the contingent consideration, the allocation of the purchase consideration to the major classes of assets acquired and liabilities assumed, the resulting amount of goodwill, and supplemental pro forma revenue and earnings of the combined entity. The Company evaluated subsequent events through the filing date of this Form 10-Q. Except as disclosed above, no other events or transactions occurred that require recognition or disclosure in these condensed consolidated financial statements.
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