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Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net | 5. Intangible Assets, Net At December 31, 2024, intangible assets, net consisted of the following (in thousands):
| Useful Life (Years) |  | Gross January 1, 2024 |  |  | Additions |  |  | Impairment/ Disposal |  |  | Gross December 31, 2024 |  |  | Accumulated Amortization |  |  | Net December 31, 2024 |
Indefinite lived assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks | N/A |  | $ | 2,150 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,150 |  |  | $ | — |  |  | $ | 2,150 |
Licenses | N/A |  |  | — |  |  |  | 1,900 |  |  |  | — |  |  |  | 1,900 |  |  |  | — |  |  |  | 1,900 |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Network relationships | 10-21 |  |  | 150,679 |  |  |  | 21,238 |  |  |  | — |  |  |  | 171,917 |  |  |  | (114,046 | ) |  |  | 57,871 |
Management contracts | 15 |  |  | 22,832 |  |  |  | — |  |  |  | — |  |  |  | 22,832 |  |  |  | (17,953 | ) |  |  | 4,879 |
Member relationships | 7-14 |  |  | 24,077 |  |  |  | 49,000 |  |  |  | — |  |  |  | 73,077 |  |  |  | (22,406 | ) |  |  | 50,671 |
Patient management platform | 5 |  |  | 2,060 |  |  |  | — |  |  |  | — |  |  |  | 2,060 |  |  |  | (2,060 | ) |  |  | — |
Tradename/trademarks | 20 |  |  | 1,011 |  |  |  | — |  |  |  | — |  |  |  | 1,011 |  |  |  | (358 | ) |  |  | 653 |
Developed technology | 6 |  |  | 107 |  |  |  | — |  |  |  | — |  |  |  | 107 |  |  |  | (52 | ) |  |  | 55 |
|  |  | $ | 202,916 |  |  | $ | 72,138 |  |  | $ | — |  |  | $ | 275,054 |  |  | $ | (156,875 | ) |  | $ | 118,179 |
At December 31, 2023, intangible assets, net consisted of the following (in thousands):
| Useful Life (Years) |  | Gross January 1, 2023 |  |  | Additions |  |  | Impairment/ Disposal |  |  | Gross December 31, 2023 |  |  | Accumulated Amortization |  |  | Net December 31, 2023 |
Indefinite Lived Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks | N/A |  | $ | 2,150 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,150 |  |  | $ | — |  |  | $ | 2,150 |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Network relationships | 11-21 |  |  | 150,679 |  |  |  | — |  |  |  | — |  |  |  | 150,679 |  |  |  | (104,859 | ) |  |  | 45,820 |
Management contracts | 15 |  |  | 22,832 |  |  |  | — |  |  |  | — |  |  |  | 22,832 |  |  |  | (16,662 | ) |  |  | 6,170 |
Member relationships | 10-14 |  |  | 16,633 |  |  |  | 7,444 |  |  |  | — |  |  |  | 24,077 |  |  |  | (7,345 | ) |  |  | 16,732 |
Patient management platform | 5 |  |  | 2,060 |  |  |  | — |  |  |  | — |  |  |  | 2,060 |  |  |  | (2,060 | ) |  |  | — |
Tradename/trademarks | 20 |  |  | 1,011 |  |  |  | — |  |  |  | — |  |  |  | 1,011 |  |  |  | (308 | ) |  |  | 703 |
Developed technology | 6 |  |  | 107 |  |  |  | — |  |  |  | — |  |  |  | 107 |  |  |  | (34 | ) |  |  | 73 |
|  |  | $ | 195,472 |  |  | $ | 7,444 |  |  | $ | — |  |  | $ | 202,916 |  |  | $ | (131,268 | ) |  | $ | 71,648 |
As of December 31, 2024, network relationships, management contracts, member relationships, tradename/trademarks, and developed technology had weighted-average remaining useful lives of 1 0.0 years, 5.5 years, 7.3 years, 12.9 years, and 3.1 years, respectively. Total weighted average remaining useful lives for al l amortized intangible assets as of December 31, 2024 was 8.6 years. Amortization expense was $25.6 million, $12.7 million, and $13.7 million for the years ended December 31, 2024, 2023, and 2022, respectively, which is included in depreciation and amortization in the accompanying consolidated statements of income. Ther e was no impairme nt loss recorded related to intangibles for the years ended December 31, 2024, 2023, and 2022. Future amortization expense is estimated to be as follows for the years ending December 31 (in thousands):
| Amount |
2025 | $ | 24,658 |
2026 |  | 20,295 |
2027 |  | 16,808 |
2028 |  | 14,077 |
2029 |  | 11,397 |
Thereafter |  | 26,894 |
| $ | 114,129 |

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