Intangible Assets |
Note 7: Intangible Assets
Intangible assets, net consisted of the following:
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June 30, 2023 |
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December 31, 2022 |
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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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(108,300) |
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575,700 |
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684,000 |
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(74,100) |
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609,900 |
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Trademarks |
148,635 |
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(24,061) |
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124,574 |
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148,635 |
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(16,704) |
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131,931 |
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Payor contracts |
4,700 |
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(705) |
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3,995 |
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4,700 |
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(470) |
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4,230 |
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Provider network |
4,800 |
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(751) |
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4,049 |
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4,800 |
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(511) |
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4,289 |
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Total |
$ |
842,835 |
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$ |
(133,817) |
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$ |
709,018 |
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$ |
842,835 |
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$ |
(91,785) |
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$ |
751,050 |
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Amortization of intangible assets was $21.1 million for each of the three months ended June 30, 2023 and 2022 and $42.0 million and $42.3 million during the six months ended June 30, 2023 and 2022, respectively.
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