The principal categories of property and equipment are summarized as follows (in thousands):
Useful
Life (years)
December 31,December 31,
20252024
Buildings and improvements39$33,816 $19,650 
Land8,564 4,410 
Leasehold improvements
10-39
30,333 28,126 
Construction in progress2,149 1,892 
Medical equipment1035,564 35,395 
Office furniture and equipment75,322 3,985 
Computer hardware and software58,314 7,579 
Vehicles594 95 
Signage102,121 2,072 
Total cost126,277 103,204 
Less: accumulated depreciation(31,696)(25,271)
Total property and equipment, net$94,581 $77,933 

Historical Timeline

Fiscal YearFiled
2025Mar 5, 2026Showing above
2024Mar 31, 2025
2023Mar 29, 2024
2022Mar 3, 2023
2021Mar 31, 2022

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.