P3 Health Partners Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

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.