EQUITY-METHOD INVESTMENTS

The Company’s two equity-method investments totaled $16.1 million and $14.6 million as of September 30, 2019 and December 31, 2018, respectively, and are included in other noncurrent assets in the accompanying condensed consolidated balance sheets. The Company’s related proportionate share of earnings is recorded in equity in earnings of joint ventures in the accompanying unaudited condensed consolidated statements of comprehensive income (loss). For the three and nine months ended September 30, 2019, the Company’s proportionate share of earnings in its investments was $0.8 million and $2.0 million, respectively. For the three and nine months ended September 30, 2018, the Company’s proportionate share of earnings was $0.3 million and $0.7 million, respectively.

Legacy Health Systems — The Company’s 50% ownership interest in this limited liability company, which provides infusion pharmacy services, expands the Company’s presence in the Portland, Oregon market. In 2005, Option Care’s initial cash investment in this joint venture was $1.3 million. The Company received a capital distribution from this investment of $0.5 million for the three and nine months ended September 30, 2019. The Company did not receive a capital distribution from this investment for the three or nine months ended September 30, 2018. The following presents condensed financial information as of September 30, 2019 and December 31, 2018 and for the three and nine months ended September 30, 2019 and 2018 (in thousands).



Consolidated statements of comprehensive income (loss) data:
	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Net revenue	$	5,814	$	5,572	$	15,210	$	15,728
Cost of revenue	4,083		3,853		10,882		11,132
Gross profit	1,731		1,719		4,328		4,596
Net income	670		402		1,177		1,225
Equity in net income	335		201		588		612

Consolidated balance sheet data:
					As of
					September 30, 2019		December 31, 2018
Current assets					$	6,358	$	5,666
Noncurrent assets					4,072		3,403
Current liabilities					572		119
Noncurrent liabilities					740		8

Vanderbilt Health Services — The Company’s 50% ownership interest in this limited liability company, which provides infusion pharmacy services, expands the Company’s presence in the Nashville, Tennessee market. In 2009, Option Care contributed both cash and certain operating assets into the joint venture for a total initial investment of $1.1 million. The following presents condensed financial information as of September 30, 2019 and December 31, 2018 and for the three and nine months ended September 30, 2019 and 2018 (in thousands).



Consolidated statements of comprehensive income (loss) data:
	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Net revenue	$	9,638	$	7,659	$	28,701	$	22,055
Cost of revenue	7,473		5,718		21,989		16,943
Gross profit	2,165		1,941		6,712		5,112
Net income	982		199		2,859		88
Equity in net income	491		100		1,430		44

Consolidated balance sheet data:
					As of
					September 30, 2019		December 31, 2018
Current assets					$	10,095	$	6,517
Noncurrent assets					2,206		1,008
Current liabilities					1,116		192
Noncurrent liabilities					1,061		68