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Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of selected financial data

The following tables summarize selected financial data for the Company’s reportable segments.

			For the Year Ended December 31, 2023
			Critical Illness Recovery Hospital						Rehabilitation Hospital						Outpatient Rehabilitation												Other						Total
			(in thousands)
Revenue			$	2,299,773					$	979,585					$	1,188,914											$	357,705					$	4,825,977
Personnel expense			1,326,448						554,899						825,907
Other segment items (1)			727,310						202,811						251,139
Adjusted EBITDA			246,015						221,875						111,868
Total assets			2,496,886						1,233,888						1,380,447												248,204						5,359,425
Capital expenditures			93,036						21,922						38,776												6,126						159,860

			For the Year Ended December 31, 2024
			Critical Illness Recovery Hospital						Rehabilitation Hospital						Outpatient Rehabilitation												Other						Total
			(in thousands)
Revenue			$	2,444,196					$	1,110,592					$	1,250,294											$	382,023					$	5,187,105
Personnel expense			1,376,917						629,149						888,290
Other segment items (1)			765,645						235,695						253,427
Adjusted EBITDA			301,634						245,748						108,577
Total assets			2,654,474						1,366,922						1,404,379												182,176						5,607,951
Capital expenditures			65,861						53,620						36,142												3,285						158,908

			For the Year Ended December 31, 2025
			Critical Illness Recovery Hospital						Rehabilitation Hospitals						Outpatient Rehabilitation												Other						Total
			(in thousands)
Revenue			$	2,477,814					$	1,288,954					$	1,284,873											$	401,189					$	5,452,830
Personnel Expense			1,404,061						722,897						931,702
Other segment items (1)			808,306						287,435						263,008
Adjusted EBITDA			265,447						278,622						90,163
Total assets			2,669,940						1,602,879						1,399,975												178,795						5,851,589
Capital expenditures			76,412						112,550						37,250												3,013						229,225

_______________________________________________________________________________

(1)    Other segment items consist of facilities expense, other operating expenses, and other operating income.

Schedule of reconciliation of Adjusted EBITDA to income before income taxes

A reconciliation of Adjusted EBITDA to income from continuing operations before income taxes is as follows:

						For the Year Ended December 31,
						2023						2024						2025
						(in thousands)
Adjusted EBITDA - Critical Illness Recovery Hospital Segment						$	246,015					$	301,634					$	265,447
Adjusted EBITDA - Rehabilitation Hospital Segment						221,875						245,748						278,622
Adjusted EBITDA - Outpatient Rehabilitation Segment						111,868						108,577						90,163
Other revenue						357,705						382,023						401,189
Other cost of services (1)						(357,705)						(382,023)						(401,189)
Other general and administrative expenses (1)						(134,153)						(145,939)						(141,129)
Other operating income						486						375						72
Depreciation and amortization						(135,691)						(142,866)						(140,303)
Stock compensation expense						(43,158)						(99,214)						(16,702)
Loss on early retirement of debt						(14,692)						(28,845)						—
Equity in earnings of unconsolidated subsidiaries						41,339						63,904						54,521
Interest expense						(154,165)						(128,605)						(117,942)
Income from continuing operations before income taxes						$	139,724					$	174,769					$	272,749

_______________________________________________________________________________

(1)    Exclusive of depreciation, amortization, and stock compensation expense.

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

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-Topic 280
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-Publisher FASB
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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