PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Property and equipment was as follows as of September 30, 2023 and December 31, 2022 (in thousands):


	September 30, 2023		December 31, 2022
Infusion pumps	$	37,027	$	34,942
Equipment, furniture and other	35,955		31,929
Leasehold improvements	101,283		99,085
Computer software, purchased and internally developed	47,878		34,922
Assets under development	26,915		29,411
	249,058		230,289
Less: accumulated depreciation	(141,098)		(121,968)
Property and equipment, net	$	107,960	$	108,321

Depreciation expense is recorded within cost of revenue and operating expenses within the unaudited condensed consolidated statements of comprehensive income, depending on the nature of the underlying fixed assets. The depreciation expense included in cost of revenue relates to revenue-generating assets, such as infusion pumps. The depreciation expense included in operating expenses is related to infrastructure items, such as furniture, computer and office equipment, and leasehold improvements. The following table presents the amount of depreciation expense recorded in cost of revenue and operating expenses for the three and nine months ended September 30, 2023 and 2022 (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Depreciation expense in cost of revenue	$	616	$	1,205	$	2,006	$	3,696
Depreciation expense in operating expenses	6,365		6,778		18,665		21,337
Total depreciation expense	$	6,981	$	7,983	$	20,671	$	25,033