Basis of Presentation and Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2025

Basis of Presentation and Significant Accounting Policies [Abstract]

Acquisitions Within Physical Therapy Operations Segment

During the nine months ended September 30, 2025, and for the year ended December 31, 2024, the Company completed the acquisitions of the following clinic practices and IIP businesses:

		% Interest		Number of
Acquisition	Date	Acquired		Clinics
July 2025 Acquisition	July 31, 2025		60%		3
April 2025 Acquisition	April 30, 2025		40%^*		**
February 2025 Acquisition	February 28, 2025		65%		3
November 2024 Acquisition	November 30, 2024		75%		8
October 2024 Acquisition	October 31, 2024		50%		50
August 2024 Acquisition	August 31, 2024		70%		8
April 2024 Acquisition	April 30, 2024		***		****
March 2024 Acquisition	March 29, 2024		50%		9

On April 30, 2025, the Company acquired an outpatient home care practice that provides speech and occupational therapy through its 50% owned subsidiary MSO Metro LLC. (“Metro”). After the transaction, the Company’s ownership interest is 40%, the local partners have an ownership interest of 40% and the practice’s preacquisition owners have a 20% ownership interest.

**	Home-care business

***	On April 30, 2024, one of our primary IIP businesses, Briotix Health Limited Partnership, acquired 100% of an IIP business.

****	IIP business