Divestiture and Joint Venture Activities

3 Months Ended

Mar. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Divestiture and Joint Venture Activities

Joint Venture Activities

Divestiture

During the three months ended March 31, 2021, the Company sold its controlling membership interests in a home health agency previously operated as an equity joint venture. The total consideration for this controlling interest sale was $0.2 million. The transaction was accounted for as a loss on the sale of an entity and recorded in general and administrative expenses.

Joint Venture Activities

During the three months ended March 31, 2021, the Company purchased the noncontrolling membership interest in one of our equity joint venture partnerships, whereby the agency became a wholly-owned subsidiary of the Company. The total consideration for this noncontrolling interest purchase was $0.1 million. The transaction was accounted for as an equity transaction.

During the three months ended March 31, 2021, the Company sold a noncontrolling membership interest in a home health agency previously operated as an equity joint venture. The total consideration for this noncontrolling interest sale was $0.3 million. The transaction was accounted for as an equity transaction.