Dave Dupuy : I think dialysis is going to undergo a transition and transformation over time. You’re going to see a lot more home dialysis. One of the reasons we really enjoy the relationship with this partner and think they’re on the right track is they’ve got a business model that addresses both home dialysis as well as clinic dialysis treatment, which I think is going to be in — we’re going to have for years and years to come. Home dialysis really works well if you have a caregiver or somebody and the other needed infrastructure in the home to be able to treat the patient. Unfortunately, this patient base doesn’t have a lot of that. And so there’s a portion of the patient base that I think could be effectively treated at home, and we’re very mindful of that.
But there’s always going to be, I think, a patient base that’s going to need to come into the clinics. And so will it grow from a clinic perspective the way it has grown historically? Probably not. But as long as you’re partnering in the right markets with the right operators, I’m still quite confident that dialysis is here, and we’re just going to be very focused on making sure we pick very carefully in the space going forward.
Michael Lewis : Hey, great. Thank you.
Dave Dupuy : Thanks, Michael.
Operator: The next question is from Dave Rodgers of Baird. Please go ahead.
Dave Rodgers : Yeah, good morning, Dave. Tim, I wanted to echo the same comment. Obviously, hoping for study recovery for him. I guess two questions for you, Dave. As you look at the acquisitions, I know there was a little bit of delay you just kind of answered in that question. But I guess, looking forward to the next set of acquisitions, are you seeing more construction delays, difficulties getting materials that could kind of further prolong any of these additional acquisitions that you’ve already tied up in terms of timing? Or do you feel like that timing is pretty secure for you guys?
Dave Dupuy : Thanks for the question, Dave. I think Tim has been asked this question before. It’s — the supply chain delays have been a little bit frustrating for us and certainly frustrating for our operator who’s trying to get these projects opened and going. So listen, we still feel like that the six that we have under purchase and sale agreement will close in ’23 and ’24. In ’23, we’re looking at least two, hopefully three; and then in ’24, the remaining 3 to be up and running. But honestly, we are still seeing some delays from a supply chain perspective. And not only that, we’re seeing delays just from getting the due diligence done and getting all the — checking all the boxes with the municipalities to get these projects underway.
So it’s been a little bit frustrating for us and for our operator, but we still feel very good about those projects. And we’ll continue to update folks as we get better information precisely on when those projects will close. But yes, we’re very busy in that regard. We’re very focused on getting them through construction and finishing them. But it has — we have been a little bit disappointed in the slowdown that we’ve seen. And so anyway, I wish I could be more precise in terms of when those facilities will be opening, but we’ll certainly let you know as we get better information.
