Over the yr finished December 31, 2023 as well as the a few months and 12 months ended December 31, 2022, the reduction on belongings held available for purchase pertains to the LTC reporting unit throughout the Pharmacy & Consumer Wellness phase. Throughout 2022, the corporation decided that its LTC organization was not a strategic asset and committed to a intend to offer it, at which era the LTC small business satisfied the factors for held-for-sale accounting and its net assets have been accounted for as assets held available for purchase. The carrying value of the LTC organization was determined to get greater than its believed fair price significantly less costs to offer and, accordingly, the corporate recorded a loss on property held available for purchase in the course of the third quarter of 2022. As of December 31, 2022, The web property on the LTC business continued to fulfill the standards for held-for-sale accounting and during the fourth quarter of 2022, an incremental decline on belongings held for sale was recorded to put in writing down the carrying value of the LTC company to its approximated honest price less expenditures to sell.
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Deposits less than any of those trade names are deposits with Inexperienced Dot Bank and therefore are aggregated for deposit insurance policy coverage up to the allowable limits.
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Begin to see the supplemental info on site twenty for additional info concerning the efficiency on the Overall health Providers segment.
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