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)
6 Months Ended
Jun. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Rollforward of Equity Method Investment (in thousands)
December 31,
2020
Allocation of Income (Loss)
Contribution
Entity Consolidated June 30, 2021
LaSalle Medical Associates – IPA Line of Business
$ 13,047  $ (4,328) $ —  $ —  $ 8,719 
Pacific Medical Imaging & Oncology Center, Inc. 1,413  (30) —  —  1,383 
Diagnostic Medical Group 2,613  220  —  —  2,833 
531 W. College, LLC – related party
17,200  (115) —  —  17,085 
One MSO, LLC - related party 2,395  246  —  —  2,641 
Tag-6 Medical Investment Group, LLC - related party 4,516  195  —  —  4,711 
Tag-8 Medical Investment Group, LLC - related party 2,108  —  1,660  (3,768) — 
$ 43,292  $ (3,812) $ 1,660  $ (3,768) $ 37,372 
LMA’s summarized balance sheets at June 30, 2021 and December 31, 2020, and summarized statements of operations for the six months ended June 30, 2021 and 2020, with respect to its IPA line of business are as follows (in thousands):
Balance Sheets
June 30,
2021
December 31,
2020
Assets
Cash and cash equivalents
$ —  $ 9,350 
Restricted cash $ 694  691 
Receivables, net
6,300  3,918 
Other current assets
—  881 
Loan receivable
2,250  2,250 
Total assets
$ 9,244  $ 17,090 
Liabilities and Stockholders’ Deficit
Current liabilities
$ 23,101  $ 21,589 
Stockholders’ deficit
(13,857) (4,499)
Total liabilities and stockholders’ deficit
$ 9,244  $ 17,090 
Statements of Operations
Six Months Ended June 30,
2021 2020
Revenues
$ 95,212  $ 92,113 
Expenses
104,570  93,680 
Net loss $ (9,358) $ (1,567)
531 W. College LLC’s balance sheets at June 30, 2021 and December 31, 2020, and statements of operations for the six months ended June 30, 2021 and 2020, are as follows (in thousands):
Balance sheets
June 30,
2021
December 31,
2020
Assets
Cash
$ 305  $ 648 
Other current assets
—  17 
Other assets
172  70 
Property and equipment, net
33,693  33,697 
Total assets
$ 34,170  $ 34,432 
Liabilities and Members’ Equity
Current liabilities
$ —  $ 32 
Stockholders’ equity
34,170  34,400 
Total liabilities and members’ equity
$ 34,170  $ 34,432 
Statements of Operation
Six Months Ended June 30,
2021 2020
Revenues
$ 116  $ — 
Expenses
344  579 
Loss from operations
(228) (579)
Other income
—  21 
Provision for income tax — 
Net loss
$ (230) $ (558)