Discontinued Operations

3 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

NOTE 15. Discontinued Operations

Discontinued operations is a component of an entity that has either been disposed of or is deemed held-for-sale and, (i) the operations and cash flows of the component have been or will be eliminated from ongoing operations as a result of the disposal transaction, and (ii) the entity will not have any significant continuing involvement in the operations of the component after the disposal transaction. On October 31, 2023, the Company completed the disposition of MDX Hawaii, Inc. and its related operations. The Company’s decision to exit Hawaii and the Independent Practice Association line of business represents a strategic shift that will have a major effect on its operations and financial results. As such, the Company’s Hawaii operations are reflected in the consolidated financial statements as discontinued operations for all periods presented.

The results of discontinued operations are as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Revenues:
Medical services revenue	$	—	$	81,711
Other operating revenue	—		124
Total revenues	—		81,835
Expenses:
Medical services expense	—		75,255
Other medical expenses	—		2,407
General and administrative	518		(2,906)
Depreciation and amortization	—		1,235
Income (loss) from operations	(518)		5,844
Other income (expense), net	—		204
Gain (loss) on sales of assets, net	(8,763)		—
Interest expense	—		(40)
Net income (loss) from discontinued operations attributable to common shares	$	(9,281)	$	6,008

The following table provides significant non-cash operating items for discontinued operations that are included in the consolidated statements of cash flows for the three months ended March 31, 2023 (in thousands):

Non-cash operating activities from discontinued operations:
Depreciation and amortization	$	1,235
Stock-based compensation expense	87