Intangible Assets |
Note 7: Intangible Assets
Intangible assets, net consisted of the following as of:
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March 31, 2024 |
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December 31, 2023 |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Carrying Amount |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Carrying Amount |
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(in thousands) |
Indefinite lived intangible assets: |
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Medical licenses |
$ |
700 |
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$ |
— |
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$ |
700 |
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$ |
700 |
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$ |
— |
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$ |
700 |
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Definite lived intangible assets: |
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Customer relationships |
684,000 |
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(159,600) |
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524,400 |
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684,000 |
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(142,500) |
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541,500 |
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Trademarks |
148,635 |
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(35,363) |
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113,272 |
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148,635 |
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(31,671) |
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116,964 |
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Payor contracts |
4,700 |
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(1,058) |
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3,642 |
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4,700 |
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(940) |
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3,760 |
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Provider network |
4,800 |
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(1,111) |
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3,689 |
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4,800 |
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(991) |
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3,809 |
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Total |
$ |
842,835 |
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$ |
(197,132) |
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$ |
645,703 |
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$ |
842,835 |
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$ |
(176,102) |
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$ |
666,733 |
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Amortization of intangible assets was $21.0 million and $20.9 million during the three months ended March 31, 2024 and 2023, respectively.
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