| Intangible Assets, Net |
Note 7: Intangible Assets
Intangible assets, net consisted of the following as of:
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March 31, 2023 |
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December 31, 2022 |
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Gross |
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Net |
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Gross |
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Net |
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Carrying |
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Accumulated |
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Carrying |
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Carrying |
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Accumulated |
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Carrying |
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Amount |
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Amortization |
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Amount |
|
Amount |
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Amortization |
|
Amount |
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|
(in thousands) |
Indefinite lived intangible assets: |
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|
|
|
|
|
|
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|
|
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|
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|
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Medical licenses |
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$ |
700 |
|
$ |
— |
|
$ |
700 |
|
$ |
700 |
|
$ |
— |
|
$ |
700 |
Definite lived intangible assets: |
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|
|
|
|
|
|
|
|
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Customer relationships |
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684,000 |
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(91,200) |
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592,800 |
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684,000 |
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(74,100) |
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|
609,900 |
Trademarks |
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148,635 |
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(20,255) |
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|
128,380 |
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148,635 |
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(16,704) |
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131,931 |
Payor contracts |
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4,700 |
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(588) |
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|
4,112 |
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|
4,700 |
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(470) |
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|
4,230 |
Provider network |
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|
4,800 |
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|
(631) |
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|
4,169 |
|
|
4,800 |
|
|
(511) |
|
|
4,289 |
Total |
|
$ |
842,835 |
|
$ |
(112,674) |
|
$ |
730,161 |
|
$ |
842,835 |
|
$ |
(91,785) |
|
$ |
751,050 |
Amortization of intangible assets was $20.9 million and $21.2 million during the three months ended March 31, 2023 and 2022, respectively.
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Note 9: Intangible Assets, Net
Intangible assets, net consisted of the following as of:
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December 31, |
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2022 |
|
2021 |
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Gross Carrying |
|
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Accumulated |
|
Net Carrying |
|
Gross Carrying |
|
Gross Carrying |
|
Net Carrying |
|
|
Amount |
|
Amortization |
|
Amount |
|
Amount |
|
Amount |
|
Amount |
Indefinite lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Medical licenses |
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$ |
700 |
|
$ |
— |
|
$ |
700 |
|
$ |
700 |
|
$ |
— |
|
$ |
700 |
Definite lived intangible assets: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Customer relationships |
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|
684,000 |
|
|
(74,100) |
|
|
609,900 |
|
|
684,000 |
|
|
(5,700) |
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|
678,300 |
Trademarks |
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|
148,635 |
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|
(16,704) |
|
|
131,931 |
|
|
148,600 |
|
|
(1,230) |
|
|
147,370 |
Payor contracts |
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|
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.
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