INVESTMENT IN UNCONSOLIDATED AFFILIATE

9 Months Ended

Sep. 30, 2023

INVESTMENT IN UNCONSOLIDATED AFFILIATE [Abstract]

INVESTMENT IN UNCONSOLIDATED AFFILIATE

13. INVESTMENT IN UNCONSOLIDATED AFFILIATE

Through one of its subsidiaries, the Company has a 49% joint venture interest in a company which provides physical therapy services for patients at hospitals. Since the Company is deemed to not have a controlling interest in the company, the Company’s investment is accounted for using the equity method of accounting. The investment balance of this joint venture as of September 30, 2023, is $12.3 million and the earnings amounted to $0.2 million and $0.8 million for the three and nine months ended September 30, 2023, respectively.