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Fair Value Measurements of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Carrying Amounts and Fair Values of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments as of September 30, 2025, are presented below (in thousands):

		Fair Value Measurements
		Level 1				Level 2				Level 3				Total
Assets
Money market accounts(1)		$	7,853			$	—			$	—			$	7,853
Marketable securities			1,221				—				—				1,221
Total assets		$	9,074			$	—			$	—			$	9,074
Liabilities
Sun Labs remaining equity interest purchase		$	—			$	—			$	7,352			$	7,352
CFC contingent consideration			—				—				7,023				7,023
CHS contingent consideration			—				—				6,568				6,568
Other(2)			—				808				15				823
Total liabilities		$	—			$	808			$	20,958			$	21,766

(1)Included in cash and cash equivalents.

(2)Other consists of the interest rate collar, other contingent consideration liabilities, and the interest rate swap.

The carrying amounts and fair values of the Company’s financial instruments as of December 31, 2024, are presented below (in thousands):

		Fair Value Measurements
		Level 1				Level 2				Level 3				Total
Assets
Money market accounts(1)		$	3,673			$	—			$	—			$	3,673
Marketable securities			2,378				—				—				2,378
I Health call option			—				—				3,778				3,778
Interest rate collar			—				19				—				19
Total assets		$	6,051			$	19			$	3,778			$	9,848
Liabilities
Sun Labs remaining equity interest purchase		$	—			$	—			$	7,352			$	7,352
ADSC contingent consideration			—				—				4,285				4,285
CFC contingent consideration			—				—				9,949				9,949
CHS contingent consideration			—				—				5,643				5,643
Other(2)			2,110				—				1,366				3,476
Total liabilities		$	2,110			$	—			$	28,595			$	30,705

(1)Included in cash and cash equivalents.

(2)Other consists of other contingent consideration liabilities.

Schedule of Change in Fair Value of Level 3 Liabilities

The change in the fair value of Level 3 liabilities is recognized in other income or general and administrative expenses in the accompanying condensed consolidated statements of income. As of September 30, 2025, the reconciliation of our Level 3 liabilities was as follows (in thousands):

		Amount
Balance at January 1, 2025		$	28,595
Change in fair value of existing Level 3 liabilities			3,863
Settlement			(11,500	)
Balance at September 30, 2025		$	20,958

X

- Definition

Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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-Topic 820
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-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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