Discontinued Operations

12 Months Ended

Dec. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

NOTE 19. 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 and its related operations. The Company’s decision to exit Hawaii and the Independent Practice Association line of business represented a strategic shift that had 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):

	Year Ended December 31,
	2025		2024		2023
Revenues:
Medical services revenue	$	—	$	—	$	266,279
Other operating revenue	—		—		414
Total revenues	—		—		266,693
Expenses:
Medical services expense	—		—		270,222
Other medical expenses	—		1,420		8,732
General and administrative	—		(930)		4,151
Depreciation and amortization	—		—		4,118
Income (loss) from operations	—		(490)		(20,530)
Other income (expense), net	—		(571)		646
Gain (loss) and adjustments on sales of assets, net	14,000		(8,763)		(47,548)
Interest expense	—		—		(118)
Net income (loss) from discontinued operations attributable to common shares	$	14,000	$	(9,824)	$	(67,550)

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

Non-cash operating activities from discontinued operations:
Depreciation and amortization	$	4,118
Stock-based compensation expense	169
Other non-cash items	169