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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill by Segment and Related Adjustments

A summary of goodwill by segment and related adjustments is provided below:

 

 

 

Goodwill

 

 

 

Hospice

 

 

Personal Care

 

 

Home Health

 

 

Total

 

 

 

(Amounts In Thousands)

 

Goodwill at December 31, 2022

 

$

397,728

 

 

$

152,688

 

 

$

32,421

 

 

$

582,837

 

Additions for acquisitions

 

 

35,071

 

 

 

601

 

 

 

44,274

 

 

 

79,946

 

Adjustments to previously recorded goodwill

 

 

—

 

 

 

(13

)

 

 

225

 

 

 

212

 

Goodwill at December 31, 2023

 

 

432,799

 

 

 

153,276

 

 

 

76,920

 

 

 

662,995

 

Additions for acquisitions

 

 

—

 

 

 

292,204

 

 

 

18,094

 

 

 

310,298

 

Adjustments to previously recorded goodwill

 

 

41

 

 

 

(2,954

)

 

 

178

 

 

 

(2,735

)

Goodwill at December 31, 2024

 

$

432,840

 

 

$

442,526

 

 

$

95,192

 

 

$

970,558

 
Schedule of Carrying Amount and Accumulated Amortization of Intangible Asset

The carrying amount and accumulated amortization of each identifiable intangible asset category consisted of the following at December 31, 2024 and 2023:

 

 

 

 

 

December 31, 2024

 

 

December 31, 2023

 

 

 

 

 

(Amounts in Thousands)

 

 

(Amounts in Thousands)

 

 

 

Estimated Useful Life

 

Gross carrying value

 

 

Accumulated amortization

 

 

Net carrying value

 

 

Gross carrying value

 

 

Accumulated amortization

 

 

Net carrying value

 

Customer and referral relationships

 

5-10 years

 

$

34,201

 

 

$

(33,255

)

 

$

946

 

 

$

44,672

 

 

$

(39,566

)

 

$

5,106

 

Trade names and trademarks

 

1-20 years

 

 

59,366

 

 

 

(21,900

)

 

 

37,466

 

 

 

59,566

 

 

 

(23,857

)

 

 

35,709

 

Non-competition agreement

 

3-5 years

 

 

6,728

 

 

 

(6,263

)

 

 

465

 

 

 

6,785

 

 

 

(5,601

)

 

 

1,184

 

State Licenses

 

6-10 years

 

 

24,981

 

 

 

(1,243

)

 

 

23,738

 

 

 

12,671

 

 

 

(9,015

)

 

 

3,656

 

State Licenses

 

Indefinite

 

 

47,028

 

 

 

—

 

 

 

47,028

 

 

 

46,328

 

 

 

—

 

 

 

46,328

 

Total intangible assets

 

 

 

$

172,304

 

 

$

(62,661

)

 

$

109,643

 

 

$

170,022

 

 

$

(78,039

)

 

$

91,983

 
Schedule of Future Amortization of Intangible Assets

The estimated future intangible amortization expense is as follows:

 

For the year ended December 31,

 

Total
(Amount in
Thousands)

 

2025

 

$

7,937

 

2026

 

 

7,523

 

2027

 

 

7,197

 

2028

 

 

5,486

 

2029

 

 

5,382

 

Thereafter

 

 

29,090

 

Total, intangible assets subject to amortization

 

$

62,615