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

Intangible Assets

3 Months Ended

Mar. 31, 2025

Note 7: Intangible Assets

Intangible assets, net consisted of the following:



	March 31, 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		(223,553)		448,266		671,819		(206,951)		464,868
Trademarks	148,635		(50,051)		98,584		148,635		(46,427)		102,208
Payor contracts	4,700		(1,528)		3,172		4,700		(1,410)		3,290
Provider network	4,734		(1,567)		3,167		4,734		(1,450)		3,284
Total	$	830,588	$	(276,699)	$	553,889	$	830,588	$	(256,238)	$	574,350

Amortization of intangible assets was $20.5 million and $21.0 million during the three months ended March 31, 2025 and 2024, respectively.