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Through the calendar year ended December 31, 2023 along with the a few months and year ended December 31, 2022, the loss on property held available for purchase pertains to the LTC reporting unit within more info the Pharmacy & Client Wellness phase. Throughout 2022, the corporation identified that its LTC enterprise was no more a strategic asset and dedicated to a intend to offer it, at which era the LTC enterprise fulfilled the factors for held-for-sale accounting and its Internet belongings were accounted for as assets held on the market. The carrying value of the LTC enterprise was determined for being better than its estimated honest value much less fees to market and, accordingly, the organization recorded a loss on belongings held available for purchase in the 3rd quarter of 2022. As of December 31, 2022, The web property from the LTC company ongoing to satisfy the criteria for held-for-sale accounting and during the fourth quarter of 2022, an incremental reduction on belongings held available was recorded to put in writing down the carrying value of the LTC business to its believed honest value a lot less charges to promote.
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