Annual report pursuant to Section 13 and 15(d)

Business Segment Information

v3.24.1.u1
Business Segment Information
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
The Company’s reportable segments are organized based on service platforms, with the Patient Services segment reflecting higher margin rental revenues that generally include payments made by third-party and direct payers and the Device Solutions segment reflecting lower margin product sales, direct payer rental and services revenues. Resources are allocated and performance is assessed for these segments by the Company’s Chief Executive Officer, whom the Company has determined to be its CODM. The Company believes that reporting performance at the gross profit level is the best indicator of segment performance.
The financial information summarized below is presented by reportable segment: 
2023
(in thousands)
Patient Services
 Device Solutions Corporate/
Eliminations		 Total
Net revenues - external $ 76,541  $ 49,244  $ —  $ 125,785 
Net revenues - internal —  6,581  (6,581) $ — 
Total net revenues 76,541  55,825  (6,581) 125,785 
Gross profit 47,800  15,309  —  63,109 
Selling, general and administrative expenses 59,021 
Interest expense (2,170)
Other expense (67)
Income before income taxes $ 1,851 
Total assets $ 55,412  $ 45,503  $ 2,000  $ 102,915 
Purchases of medical equipment $ 5,167  $ 4,926  $ —  $ 10,093 
Depreciation and amortization of intangible assets $ 8,401  $ 4,107  $ —  $ 12,508 
2022
(in thousands)
Patient Services
 Device Solutions Corporate/
Eliminations		 Total
Net revenues - external $ 68,881  $ 41,033  $ —  $ 109,914 
Net revenues - internal —  6,473  (6,473) — 
Total net revenues 68,881  47,506  (6,473) 109,914 
Gross profit 43,433  17,127  —  60,560 
Selling, general and administrative expenses 58,906 
Interest expense (1,402)
Other expense (122)
Income before income taxes $ 130 
Total assets $ 60,886  $ 36,502  $ 2,000  $ 99,388 
Purchases of medical equipment $ 8,825  $ 5,269  $ —  $ 14,094 
Depreciation and amortization of intangible assets $ 9,266  $ 4,094  $ —  $ 13,360 
2021
(in thousands)
Patient Services
 Device Solutions Corporate/
Eliminations		 Total
Net revenues - external $ 65,598  $ 36,784  $ —  $ 102,382 
Net revenues - internal —  5,753  (5,753) — 
Total net revenues 65,598  42,537  (5,753) 102,382 
Gross profit 42,046  16,490  —  58,536 
Selling, general and administrative expenses 55,716 
Interest expense (1,377)
Other expense (186)
Income before income taxes $ 1,257 
Total assets $ 60,970  $ 34,616  $ 2,000  $ 97,586 
Purchases of medical equipment $ 10,533  $ 5,143  $ —  $ 15,676 
Depreciation and amortization of intangible assets $ 10,886  $ 3,739  $ —  $ 14,625