| 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 |
2 |
|
|
— |
|
|
|
|
|
Net loss |
$ |
(230) |
|
|
$ |
(558) |
|
|