INVESTMENT IN UNCONSOLIDATED AFFILIATE |
9 Months Ended |
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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.
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