P3 Health Partners Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Intangible Assets

Intangible Assets

6 Months Ended

Jun. 30, 2025

Intangible Assets [Abstract]

Intangible Assets

Note 7: Intangible Assets

Intangible assets, net consisted of the following:



	June 30, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(in thousands)
Indefinite lived intangible assets:
Medical licenses	$	700	$	—	$	700	$	700	$	—	$	700
Definite lived intangible assets:
Customer relationships	671,819		(240,156)		431,663		671,819		(206,951)		464,868
Trademarks	148,635		(53,703)		94,932		148,635		(46,427)		102,208
Payor contracts	4,700		(1,645)		3,055		4,700		(1,410)		3,290
Provider network	4,734		(1,684)		3,050		4,734		(1,450)		3,284
Total	$	830,588	$	(297,188)	$	533,400	$	830,588	$	(256,238)	$	574,350

Amortization of intangible assets was $20.5 million and $21.0 million during the three months ended June 30, 2025 and 2024, respectively, and $40.9 million and $42.1 million during the six months ended June 30, 2025 and 2024, respectively.