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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of composition of net revenues by payor type and core service lines
The composition of net revenue by payor type for the years ended December 31, 2025, 2024 and 2023 are as follows (in thousands):
Year Ended December 31,
202520242023
Insurance$1,963,190$1,998,722$1,933,440
Government852,988842,552852,789
Patient pay428,679419,701413,948
Net revenue$3,244,857$3,260,975$3,200,177
The composition of net revenue by segment for the years ended December 31, 2025, 2024 and 2023 are as follows (in thousands):
Year Ended December 31,
202520242023
Net sales revenue:
Sleep Health$1,040,386$992,332$947,103
Respiratory Health33,49532,68845,219
Diabetes Health573,690598,446647,431
Wellness at Home383,441467,305491,549
Total net sales revenue$2,031,012$2,090,771$2,131,302
Net revenue from fixed monthly equipment reimbursements:
Sleep Health$308,784$327,729$344,611
Respiratory Health601,506558,529569,344
Diabetes Health12,5769,70412,608
Wellness at Home163,275144,095142,312
Total net revenue from fixed monthly equipment reimbursements$1,086,141$1,040,057$1,068,875
Net revenue from capitated revenue arrangements:
Sleep Health$28,977$29,152$
Respiratory Health56,15959,933
Diabetes Health6,1476,260
Wellness at Home36,42134,802
Total net revenue from capitated revenue arrangements$127,704$130,147$
Total net revenue:
Sleep Health$1,378,147$1,349,213$1,291,714
Respiratory Health691,160651,150614,563
Diabetes Health592,413614,410660,039
Wellness at Home583,137646,202633,861
Total net revenue$3,244,857$3,260,975$3,200,177
Schedule of carrying amounts and estimated fair values of debt
The table below shows the carrying amounts and estimated fair values, net of unamortized deferred financing costs, of the Company’s long-term debt arrangements (in thousands):
December 31, 2025December 31, 2024
Carrying ValueFair ValueCarrying ValueFair Value
Secured term loan$313,722$313,722$547,281$547,281
Senior unsecured notes1,422,5741,394,5991,433,8901,318,820
$1,736,296$1,708,321$1,981,171$1,866,101
Summary of useful lives of property and equipment for purposes of computing depreciation
The useful lives of property and equipment for purposes of computing depreciation are:
Patient medical equipment
13 months ‑ 5 years
Computers and software
5 ‑ 10 years
Delivery vehicles5 years
Other
2 ‑ 10 years
Schedule of useful lives of intangible assets acquired The following table summarizes the useful lives of the Company’s identifiable intangible assets:
Tradenames
5 to 10 years
Payor contracts10 years
Summary of cost of net revenue
Cost of net revenue for the years ended December 31, 2025, 2024 and 2023 consisted of the following (in thousands):
Year Ended December 31,
202520242023
Cost of products and supplies$1,294,423$1,288,162$1,310,213
Salaries, labor and benefits750,309730,597716,531
Patient equipment depreciation341,287320,289325,696
Rent and occupancy74,39171,87468,375
Other operating expenses175,248168,960155,295
Total$2,635,658$2,579,882$2,576,110