v3.25.4
Segments (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Financial Information Attributable to the Company's Business Segments
The following table sets forth certain financial information from operations attributable to the Company’s business segments for the three and nine months ended September 30, 2025 and 2024 (in thousands):
 Three months ended September 30, 2025
 NEMTPCS
Monitoring
Corporate and OtherTotal
 Service revenue, net
$491,672 $168,737 $17,046 $2,252 $679,707 
Purchased services
388,401 — — — 388,401 
Payroll and related costs
39,177 132,104 4,251 343 175,875 
Other service expense
13,033 2,158 3,361 1,302 19,854 
Service expense440,611 134,262 7,612 1,645 584,130 
General and administrative expense25,118 21,194 5,299 32,740 84,351 
Depreciation and amortization7,482 9,304 5,748 761 23,295 
Operating income (loss)18,461 3,977 (1,613)(32,894)(12,069)
Interest expense, net
— — — 14,467 14,467 
Reorganization items, net208 — — 53,274 53,482 
Income (loss) before income taxes and equity method investment
18,253 3,977 (1,613)(100,635)(80,018)
Income tax (benefit) provision(867)3,556 983 3,833 7,505 
Equity in net income (loss) of investee, net of tax21 — — (639)(618)
Net income (loss)
$17,407 $7,533 $(630)$(97,441)$(73,131)
Balance Sheet Information
Equity investment$361 $— $— $27,922 $28,283 
Goodwill$135,186 $203,664 $77,978 $30 $416,858 
Total assets$580,132 $479,332 $165,381 $194,720 $1,419,565 
 Nine months ended September 30, 2025
 NEMTPCS
Monitoring
Corporate and OtherTotal
 Service revenue, net
$1,414,014 $517,412 $52,653 $5,835 $1,989,914 
Purchased services
1,109,159 — — — 1,109,159 
Payroll and related costs
117,732 408,868 12,760 791 540,151 
Other service expense
37,303 6,527 10,028 4,597 58,455 
Service expense1,264,194 415,395 22,788 5,388 1,707,765 
General and administrative expense82,119 65,635 16,651 69,116 233,521 
Depreciation and amortization22,617 28,090 17,709 1,812 70,228 
Impairment of goodwill
— 211,780 51,614 — 263,394 
Operating income (loss)45,084 (203,488)(56,109)(70,481)(284,994)
Interest expense, net
— — — 90,413 90,413 
Reorganization items, net208 — — 53,274 53,482 
Income (loss) before income taxes and equity method investment
44,876 (203,488)(56,109)(214,168)(428,889)
Income tax benefit (provision)
239 3,697 897 (951)3,882 
Equity in net loss of investee, net of tax
(1,070)— — (1,120)(2,190)
Net income (loss)
$44,045 $(199,791)$(55,212)$(216,239)$(427,197)
Balance Sheet Information
Equity investment$361 $— $— $27,922 $28,283 
Goodwill$135,186 $203,664 $77,978 $30 $416,858 
Total assets$580,132 $479,332 $165,381 $194,720 $1,419,565 
 Three months ended September 30, 2024
 NEMTPCS
Monitoring
Corporate and OtherTotal
Service revenue, net$492,253 $188,518 $19,448 $1,818 $702,037 
Purchased services
383,769 — — — 383,769 
Payroll and related costs
40,383 150,132 4,281 108 194,904 
Other service expense
12,397 1,613 3,737 1,514 19,261 
Service expense436,549 151,745 8,018 1,622 597,934 
General and administrative expense30,758 23,823 4,332 11,990 70,903 
Depreciation and amortization7,645 12,918 7,073 304 27,940 
Impairment of goodwill
— — — — — 
Operating income (loss)17,301 32 25 (12,098)5,260 
Interest expense, net
— — — 28,493 28,493 
Loss on debt extinguishment— — — 11,797 11,797 
Income (loss) before income taxes and equity method investment
17,301 32 25 (52,388)(35,030)
Income tax benefit (provision)
(4,490)(24)(7)15,591 11,070 
Equity in net income (loss) of investee, net of tax151 — — (2,795)(2,644)
Net income (loss)
$12,962 $8 $18 $(39,592)$(26,604)
Balance Sheet Information
Equity investment$2,026 $— $— $33,809 $35,835 
Goodwill$135,186 $415,444 $129,592 $30 $680,252 
Total assets$525,768 $736,854 $232,633 $156,493 $1,651,748 
 Nine months ended September 30, 2024
 NEMTPCS
Monitoring
Corporate and OtherTotal
Service revenue, net$1,462,236 $558,696 $58,575 $5,280 $2,084,787 
Purchased services
1,119,248 — — — 1,119,248 
Payroll and related costs
131,160 444,923 12,850 440 589,373 
Other service expense
37,754 6,126 11,706 5,393 60,979 
Service expense1,288,162 451,049 24,556 5,833 1,769,600 
General and administrative expense95,701 72,152 15,780 40,512 224,145 
Depreciation and amortization22,602 38,506 20,834 853 82,795 
Impairment of goodwill
— — 105,302 — 105,302 
Operating income (loss)55,771 (3,011)(107,897)(41,918)(97,055)
Interest expense, net
— — — 67,129 67,129 
Loss on debt extinguishment— — — 11,797 11,797 
Income (loss) before income taxes and equity method investment
55,771 (3,011)(107,897)(120,844)(175,981)
Income tax benefit (provision)
(14,512)866 726 14,975 2,055 
Equity in net income (loss) of investee, net of tax269 — — (4,131)(3,862)
Net income (loss)
$41,528 $(2,145)$(107,171)$(110,000)$(177,788)
Balance Sheet Information
Equity investment$2,026 $— $— $33,809 $35,835 
Goodwill$135,186 $415,444 $129,592 $30 $680,252 
Total assets$525,768 $736,854 $232,633 $156,493 $1,651,748