Equity Method Investments

The Company’s equity method investments consist principally of minority ownership interests in rehabilitation businesses. Equity method investments of $100.0 million and $114.2 million are presented as part of other assets on the consolidated balance sheets as of December 31, 2016 and 2017, respectively. As of December 31, 2016 and 2017, these businesses consist primarily of the following ownership interests:



BIR JV, LLP	49.0	%
OHRH, LLC	49.0	%
GlobalRehab—Scottsdale, LLC	49.0	%
Rehabilitation Institute of Denton, LLC	50.0	%
ES Rehabilitation, LLC	49.0	%
Coastal Virginia Rehabilitation, LLC	49.0	%

Summarized combined financial information of the rehabilitation entities in which the Company has a minority ownership interest is as follows:



	December 31,
	2016		2017
	(in thousands)
Current assets	$	90,656	$	102,908
Non-current assets	78,913		79,364
Total assets	$	169,569	$	182,272
Current liabilities	$	32,520	$	37,113
Non-current liabilities	14,384		13,751
Equity	122,665		131,408
Total liabilities and equity	$	169,569	$	182,272



	December 31,
	2015		2016		2017
	(in thousands)
Revenues	$	289,994	$	320,078	$	336,349
Operating expenses	250,170		274,952		289,224
Net income	37,951		43,410		45,648

The Company provides contracted services, principally employee leasing services, and charges management fees to related parties affiliated through its equity investments. Net operating revenues generated from contracted services and management fees charged to related parties affiliated through the Company’s equity investments were $146.0 million, $164.2 million, and $178.1 million for the years ended December 31, 2015, 2016 and 2017, respectively.

During the year ended December 31, 2016, the Company recognized a non-operating loss of $5.1 million related to the sale of an equity method investment. Additionally, the Company received contingent proceeds related to the final settlement of its 2015 sale of an equity method investment, resulting in a non-operating gain of $2.5 million recognized during the year ended December 31, 2016.

During the year ended December 31, 2015, the Company recognized a non-operating gain of $29.6 million related to the sale of an equity method investment.