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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 76,425 $ 112,581
Accounts receivable, net of allowance of $409 and $1,439, respectively 259,142 222,317
Contract receivables 115,621 117,795
Other receivables 17,799 16,732
Prepaid expenses and other current assets 40,793 25,419
Short-term deposits 30,847 0
Restricted cash 13,352 535
Total current assets 553,979 495,379
Property and equipment, net 78,359 82,409
Goodwill 416,858 680,252
Payor network, net 238,170 269,020
Other intangible assets, net 11,977 13,300
Equity investment 29,163 31,427
Operating lease right-of-use assets 32,067 36,597
Other assets 46,977 45,948
Total assets 1,407,550 1,654,332
Current liabilities:    
Accounts payable 76,458 83,068
Accrued contract payables 21,529 22,639
Accrued transportation costs 80,123 96,745
Accrued expenses and other current liabilities 154,134 139,176
Current portion of operating lease liabilities 8,271 8,616
Revolving Credit Facility 270,686 269,000
Short-term debt, net of deferred financing costs of $6,874 and $0, respectively 77,126 5,250
Total current liabilities 688,327 624,494
Long-term debt, net of deferred financing costs of $29,637 and $30,689, respectively 1,032,411 986,436
Deferred tax liabilities 13,471 13,557
Operating lease liabilities, less current portion 29,629 32,905
Other long-term liabilities 35,349 35,414
Total liabilities 1,799,187 1,692,806
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit)    
Common stock: Authorized 40,000,000 shares; $0.001 par value; 19,923,878 and 19,882,026, respectively, issued and outstanding (including treasury shares) 20 20
Additional paid-in capital 457,245 457,406
Accumulated deficit (579,781) (225,715)
Treasury shares, at cost, 5,524,734 and 5,558,898 shares, respectively (269,121) (270,185)
Total stockholders’ equity (deficit) (391,637) (38,474)
Total liabilities and stockholders’ equity (deficit) $ 1,407,550 $ 1,654,332