Variable Interest Entities Variable Interest Entities

6 Months Ended

Jun. 30, 2016

Variable Interest Entities [Abstract]

Variable Interest Entity Disclosure [Text Block]

Variable Interest Entities

As of June 30, 2016, we consolidated ten limited partnership-like entities that are VIEs and of which we are the primary beneficiary. All ten of these entities were also consolidated as of December 31, 2015. Our ownership percentages in these entities range from 6.8% to 99.5%. Through partnership and management agreements with or governing each of these entities, we manage all of these entities and handle all day-to-day operating decisions. Accordingly, we have the decision making power over the activities that most significantly impact the economic performance of our VIEs and an obligation to absorb losses or receive benefits from the VIE that could potentially be significant to the VIE. These decisions and significant activities include, but are not limited to, marketing efforts, oversight of patient admissions, medical training, nurse and therapist scheduling, provision of healthcare services, billing, collections and creation and maintenance of medical records. The terms of the agreements governing each of our VIEs prohibit us from using the assets of each VIE to satisfy the obligations of other entities.

The carrying amounts and classifications of the consolidated VIEs’ assets and liabilities, which are included in our consolidated balance sheet, are as follows (in millions):

	June 30, 2016
Assets
Current assets:
Cash and cash equivalents	$	1.5
Accounts receivable, net of allowance for doubtful accounts	31.4
Other current assets	6.7
Total current assets	39.6
Property and equipment, net	132.6
Goodwill	73.5
Intangible assets, net	8.6
Other long-term assets	1.0
Total assets	$	255.3
Liabilities
Current liabilities:
Current portion of long-term debt	$	1.4
Accounts payable	8.5
Accrued expenses and other current liabilities	14.1
Total current liabilities	24.0
Long-term debt, net of current portion	30.6
Total liabilities	$	54.6