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Financials

Consolidated Balance Sheets

CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2018 AND 2017

      2018     2017
  Assets            
  Cash and cash equivalents    $ 146,519,256    $ 123,066,447
  Investments     284,838,342     259,000,708
  Receivables, net     149,144,950     141,797,618
  Prepaid expenses     10,391,769     8,166,134
  Total current assets     590,894,317     532,030,907
  Property and equipment, net     23,087,354     17,925,775
  Goodwill, net     2,501,575     2,945,117
  Restricted investments     70,836,455     70,055,974
  Federal program receivable     12,799,023     9,041,724
  Total assets    $ 700,118,724    $ 631,999,497
  Liabilities            
  Claims payable    $ 179,409,635    $ 162,334,947
  Reserve for claims adjustment expenses     5,717,514     4,112,449
  Accounts payable and accrued expenses     59,605,201     56,824,687
  Physicians' withholding     26,041,649     26,081,674
  Premiums received in advance     7,106,587     6,748,043
  Accrued contingent consideration current portion        -            500,000
  Total current liabilities     277,880,586     256,601,800
  Deferred rent and lease incentives     4,773,203     5,132,709
  Federal program payable     13,881,828     10,816,012
  Total liabilities     296,535,617     272,550,521
  Net Assets            
  Net assets     404,117,697     359,500,701
  Noncontrolling interest     (534,590)     (51,725)
  Total net assets     403,583,107     359,448,976
  Total liabilities and net assets    $ 700,118,724    $ 631,999,497