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Intangible Assets, Net (Tables) | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets, Net | At September 30, 2024, the Company’s intangible assets, net, consisted of the following (in thousands):
|  | Useful Life (Years) |  | Gross September 30, 2024 |  |  | Accumulated Amortization |  |  | Net September 30, 2024 |
Indefinite lived assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | N/A |  | $ | 2,150 |  |  | $ | — |  |  | $ | 2,150 |
Licenses |  | N/A |  |  | 1,900 |  |  |  | — |  |  |  | 1,900 |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Network relationships |  | 11-21 |  |  | 156,779 |  |  |  | (111,626 | ) |  |  | 45,153 |
Management contracts |  | 15 |  |  | 22,832 |  |  |  | (17,647 | ) |  |  | 5,185 |
Member relationships |  | 7-14 |  |  | 71,577 |  |  |  | (17,582 | ) |  |  | 53,995 |
Patient management platform |  | 5 |  |  | 2,060 |  |  |  | (2,060 | ) |  |  | — |
Tradename/trademarks |  | 20 |  |  | 1,011 |  |  |  | (345 | ) |  |  | 666 |
Developed technology |  | 6 |  |  | 107 |  |  |  | (48 | ) |  |  | 59 |
|  |  |  | $ | 258,416 |  |  | $ | (149,308 | ) |  | $ | 109,108 |
At December 31, 2023, the Company’s intangible assets, net, consisted of the following (in thousands):
|  | Useful Life (Years) |  | Gross December 31, 2023 |  |  | Accumulated Amortization |  |  | Net December 31, 2023 |
Indefinite lived assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | N/A |  | $ | 2,150 |  |  | $ | — |  |  | $ | 2,150 |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Network relationships |  | 11-21 |  |  | 150,679 |  |  |  | (104,859 | ) |  |  | 45,820 |
Management contracts |  | 15 |  |  | 22,832 |  |  |  | (16,662 | ) |  |  | 6,170 |
Member relationships |  | 10-14 |  |  | 24,077 |  |  |  | (7,345 | ) |  |  | 16,732 |
Patient management platform |  | 5 |  |  | 2,060 |  |  |  | (2,060 | ) |  |  | — |
Tradename/trademarks |  | 20 |  |  | 1,011 |  |  |  | (308 | ) |  |  | 703 |
Developed technology |  | 6 |  |  | 107 |  |  |  | (34 | ) |  |  | 73 |
|  |  |  | $ | 202,916 |  |  | $ | (131,268 | ) |  | $ | 71,648 |
Schedule of Future Amortization Expense | Future amortization expense is estimated to be as follows for the following years ending December 31 (in thousands):
|  | Amount |
2024 (excluding the nine months ended September 30, 2024) |  | $ | 6,630 |
2025 |  |  | 22,856 |
2026 |  |  | 18,642 |
2027 |  |  | 15,170 |
2028 |  |  | 12,459 |
Thereafter |  |  | 29,301 |
Total |  | $ | 105,058 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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