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Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting  
Schedule of reportable operating segment information

CareVention HealthCare

Shared Services and Other

Consolidated

Revenue:

Three Months Ended September 30, 2022

Product revenue

$

59,780

$

$

59,780

Service revenue

PACE solutions

16,416

16,416

Medication safety services

843

843

Software subscription and services

62

62

Total service revenue

16,416

905

17,321

Total revenue

$

76,196

$

905

$

77,101

Three Months Ended September 30, 2021

Product revenue

$

50,321

$

$

50,321

Service revenue

PACE solutions

14,707

14,707

Medication safety services

2,820

2,820

Software subscription and services

62

62

Total service revenue

14,707

2,882

17,589

Total revenue

$

65,028

$

2,882

$

67,910

Nine Months Ended September 30, 2022

Product revenue

$

166,645

$

$

166,645

Service revenue

PACE solutions

47,604

47,604

Medication safety services

2,336

2,336

Software subscription and services

223

223

Total service revenue

47,604

2,559

50,163

Total revenue

$

214,249

$

2,559

$

216,808

Nine Months Ended September 30, 2021

Product revenue

$

139,021

$

$

139,021

Service revenue

PACE solutions

42,973

42,973

Medication safety services

8,817

8,817

Software subscription and services

174

174

Total service revenue

42,973

8,991

51,964

Total revenue

$

181,994

$

8,991

$

190,985

CareVention HealthCare

Shared Services and Other

Consolidated

Adjusted EBITDA (loss) from Continuing Operations:

Three Months Ended September 30, 2022

Adjusted EBITDA (loss)

$

14,051

$

(11,998)

$

2,053

Three Months Ended September 30, 2021

Adjusted EBITDA (loss)

$

14,014

$

(10,875)

$

3,139

Nine Months Ended September 30, 2022

Adjusted EBITDA (loss)

$

39,531

$

(34,339)

$

5,192

Nine Months Ended September 30, 2021

Adjusted EBITDA (loss)

$

40,983

$

(32,998)

$

7,985

Schedules of reconciliation of net loss to Adjusted EBITDA

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2022

    

2021

    

2022

    

2021

Reconciliation of Net Loss to Adjusted EBITDA from Continuing Operations

Net loss

$

(40,065)

$

(17,111)

$

(117,868)

$

(57,684)

Add:

Interest expense, net

2,717

2,230

7,430

6,959

Income tax (benefit) expense

(7)

82

368

284

Depreciation and amortization

5,723

5,328

16,954

15,109

Impairment charges

4,062

Business optimization expenses

787

Severance costs

122

354

697

516

Executive transition

1,821

1,971

Cooperation agreement costs

1,122

1,122

Divestiture-related expense

1,057

2,591

Acquisition-related expense

217

Stock-based compensation expense

15,378

6,901

28,173

24,100

Loss from discontinued operations

14,185

5,355

58,905

18,484

Adjusted EBITDA from continuing operations

$

2,053

$

3,139

$

5,192

$

7,985

Adjusted EBITDA (loss) from discontinued operations

(3,593)

2,578

(1,036)

7,294

Total Adjusted EBITDA (loss)

$

(1,540)

$

5,717

$

4,156

$

15,279

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2022

    

2021

    

2022

    

2021

Reconciliation of Net Loss from Discontinued Operations, net of tax to Adjusted EBITDA (Loss) from Discontinued Operations

Net loss from discontinued operations, net of tax

$

(14,185)

$

(5,355)

$

(58,905)

$

(18,484)

Add:

Income tax (benefit) expense

(94)

52

(662)

182

Depreciation and amortization

6,771

7,331

20,234

Impairment charges

5,845

42,293

Loss on disposal of business

2,879

2,879

Settlement

1,448

500

Divestiture-related expense

104

216

Stock-based compensation expense

1,858

1,110

4,364

4,862

Adjusted EBITDA (loss) from discontinued operations

$

(3,593)

$

2,578

$

(1,036)

$

7,294