Intangible Assets |
Note 7: Intangible Assets
Intangible assets, net consisted of the following as of:
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December 31, |
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2024 |
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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 |
671,819 |
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(206,951) |
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464,868 |
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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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(46,427) |
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102,208 |
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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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(1,410) |
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3,290 |
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4,700 |
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(940) |
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3,760 |
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Provider network |
4,734 |
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(1,450) |
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3,284 |
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4,800 |
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(991) |
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3,809 |
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Total |
$ |
830,588 |
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$ |
(256,238) |
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$ |
574,350 |
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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 $83.7 million and $84.3 million during the years ended December 31, 2024 and 2023, respectively
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