P3 Health Partners Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Intangible Assets, Net

Intangible Assets, Net

12 Months Ended

Dec. 31, 2022

Intangible Assets, Net

Intangible Assets, Net

Note 9: Intangible Assets, Net

Intangible assets, net consisted of the following as of:


	December 31,
	2022						2021
	Gross Carrying			Accumulated	Net Carrying		Gross Carrying		Gross Carrying		Net Carrying
	Amount		Amortization		Amount		Amount		Amount		Amount
Indefinite lived intangible assets:
Medical licenses	$	700	$	—	$	700	$	700	$	—	$	700
Definite lived intangible assets:
Customer relationships		684,000		(74,100)		609,900		684,000		(5,700)		678,300
Trademarks		148,635		(16,704)		131,931		148,600		(1,230)		147,370
Payor contracts		4,700		(470)		4,230		4,700		—		4,700
Provider network		4,800		(511)		4,289		4,800		(31)		4,769
Total	$	842,835	$	(91,785)	$	751,050	$	842,800	$	(6,961)	$	835,839

Amortization of intangible assets was $84.8 million and $7.0 million during the year ended December 31, 2022, and Successor Period of 2021, respectively. Estimated future amortization of intangible assets is $84.6 million for the year 2023 and $84.2 million for each of the years 2024 through 2027.