Related Party Transactions

12 Months Ended

Dec. 31, 2022

Related Party Transactions [Abstract]

Related Party Transactions

17. RELATED PARTY TRANSACTIONS

The Company had entered into an advisory services agreement with affiliates of certain stockholders of the Company (the “Management Agreement”). Under this agreement, the managers provided general and strategic advisory services and were paid a quarterly management fee plus out of pocket expenses. Upon completion of the IPO, the Management Agreement was terminated. The Company incurred no management fees and expenses during the fiscal year ended December 31, 2022 and $0.8 million during the fiscal year ended January 1, 2022, which is included in corporate expenses in the accompanying consolidated statements of operations. The Company did not owe any amounts in connection with the Management Agreement as of December 31, 2022 or January 1, 2022.

One of the Company’s stockholders has an ownership interest in a revenue cycle vendor used by the Company for eligibility and clearinghouse billing services. Fees for such services totaled $0.4 million and $0.4 million during the fiscal years ended December 31, 2022 and January 1, 2022, respectively, and are included in corporate expenses in the accompanying consolidated statements of operations. The Company did not owe any amounts in connection with the expenses described above as of December 31, 2022 and January 1, 2022, respectively.

As of December 31, 2022, one of the Company’s stockholders owned 6.9% of the Company’s 2021 Extended Term Loan.