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Discontinued Operations
 3 Months Ended
Mar. 31, 2014
Discontinued Operations

5. DISCONTINUED OPERATIONS

On September 30, 2013, the Company sold the remainder of its physician services business. Previously, the Company closed its two physician services facilities – one in August 2013 and the other in December 2012. As previously disclosed in the Company’s public filings, the physician services business incurred negative gross margins in 2012 and through the first nine months of 2013. Revenues from physician services were generated by patient visits, franchise arrangements and fees from third parties. The results of operations and the loss on the sale of the physician services business have been reclassified to discontinued operations for all periods presented.

The following table details the losses from discontinued operations reported for the physician services business:

 

 

 

 

 

 

Three Months

 

 

 

Ended

 

 

 

March 31, 2013

 

Net revenues

 

$

341

 

Operating costs

 

 

532

 

Gross margin

 

 

(191

)

Direct general and administrative expenses

 

 

93

 

 

 

 

(284

)

Tax benefit

 

 

84

 

Loss from discontinued operations

 

$

(200

)

 

The cash flow impact of the sale and closures is deemed immaterial for the consolidated statements of cash flows.