I’m not particularly concerned about the margins, as the industry naturally requires a minimum three-year period of initial strain, where costs are front-loaded and profits tend to come later. The acquisition of 300 beds was a strong move; however, was it necessary to acquire 60% of a facility? Expanding our existing units might have been a more strategic approach. My main concern lies in the capital allocation decisions. There are factors beyond our perspective, so I’m awaiting management’s response.
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