Investment in Unconsolidated Affiliate

12 Months Ended

Dec. 31, 2023

Investment in Unconsolidated Affiliate [Abstract]

Investment in Unconsolidated Affiliate

15. Investment in Unconsolidated Affiliate

Through one of its subsidiaries, the Company has a 49% joint venture interest in a company which provides physical therapy services for patients at hospitals. The Company is deemed to not have a controlling interest in the company, and therefore the Company’s investment is accounted for using the equity method of accounting. The investment balance of this joint venture as of December 31, 2023, is $12.3 million and the earnings amounted to approximately $1.0 million. The investment balance of this joint venture as of December 31, 2022, was $12.1 million and the earnings amounted to approximately $1.2 million.