Property and Equipment, net

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following at December 31, 2024 and 2023:


	As of December 31, 2024		As of December 31, 2023
Leasehold improvements	$	35,553	$	32,490
Furniture, fixtures and equipment	2,997		2,607
Medical equipment	10,460		8,566
Computer equipment	3,933		3,285
Signs	313		153
Automobiles	101		59
Software	8,487		7,829
Construction-in-progress	9,077		2,985
Finance Right of Use Assets	7,242		7,100
Property and equipment, gross	78,163		65,074

Accumulated depreciation and amortization	(29,789)		(24,635)
Property and equipment, net	$	48,374	$	40,439

For the years ended December 31, 2024 and 2023, depreciation expense was approximately $8.1 million and $7.2 million, respectively, and is included in general and administrative expenses in the consolidated statements of operations and comprehensive loss.

Construction-in-progress consists primarily of capital expenditures on new physician practice facilities which have not yet been opened and improvements to existing practice facilities which are not complete at year-end.