Quarterly report pursuant to Section 13 or 15(d)

Investments in Other Entities ??? Equity Method (Tables)

v3.21.2
Investments in Other Entities — Equity Method (Tables)
9 Months Ended
Sep. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Rollforward of Equity Method Investment (in thousands)
December 31,
2020
Initial Investment Allocation of Income (Loss) Contribution Entity Consolidated Sale September 30, 2021
LaSalle Medical Associates – IPA Line of Business $ 13,047  $ —  $ (4,654) $ —  $ —  $ (4,182) $ 4,211 
Pacific Medical Imaging & Oncology Center, Inc. 1,413  —  129  —  —  —  1,542 
Diagnostic Medical Group 2,613  —  330  —  —  —  2,943 
531 W. College, LLC – related party 17,200  —  (149) —  —  —  17,051 
One MSO, LLC – related party 2,395  —  379  —  —  —  2,774 
Tag-6 Medical Investment Group, LLC – related party 4,516  —  240  —  —  —  4,756 
Tag-8 Medical Investment Group, LLC – related party 2,108  —  —  1,660  (3,768) —  — 
CAIPA MSO, LLC —  11,724  45  —  —  —  11,769 
$ 43,292  $ 11,724  $ (3,680) $ 1,660  $ (3,768) $ (4,182) $ 45,046 
LMA’s summarized balance sheets at September 30, 2021 and December 31, 2020, and summarized statements of operations for the nine months ended September 30, 2021 and 2020, with respect to its IPA line of business are as follows (in thousands):
Balance Sheets
September 30,
2021
December 31,
2020
Assets
Cash and cash equivalents
$ 2,150  $ 9,350 
Restricted cash 695  691 
Receivables, net
6,178  3,918 
Other current assets
—  881 
Loan receivable
2,250  2,250 
Total assets
$ 11,273  $ 17,090 
Liabilities and Stockholders’ Deficit
Current liabilities
$ 27,141  $ 21,589 
Stockholders’ deficit
(15,868) (4,499)
Total liabilities and stockholders’ deficit
$ 11,273  $ 17,090 
Statements of Operations
Nine Months Ended September 30,
2021 2020
Revenues
$ 144,417  $ 138,490 
Expenses
155,786  138,233 
Net (loss) income $ (11,369) $ 257 
531 W. College LLC’s balance sheets at September 30, 2021 and December 31, 2020, and statements of operations for the nine months ended September 30, 2021 and 2020, are as follows (in thousands):
Balance sheets
September 30,
2021
December 31,
2020
Assets
Cash
$ 266  $ 648 
Other current assets
25  17 
Other assets
122  70 
Property and equipment, net
33,689  33,697 
Total assets
$ 34,102  $ 34,432 
Liabilities and Members’ Equity
Current liabilities
$ —  $ 32 
Stockholders’ equity
34,102  34,400 
Total liabilities and members’ equity
$ 34,102  $ 34,432 
Statements of Operation
Nine Months Ended September 30,
2021 2020
Revenues
$ 181  $ — 
Expenses
476  828 
Loss from operations
(295) (828)
Other income
—  32 
Provision for income tax
Net loss
$ (297) $ (799)