XML 19 R12.htm IDEA: XBRL DOCUMENT
v3.25.1

Intangible Assets, Net | 3 Months Ended
--- | ---
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net | 4. Intangible Assets, Net At March 31, 2025, intangible assets, net, consisted of the following (in thousands):
|  | Useful Life (Years) |  | Gross March 31, 2025 |  |  | Accumulated Amortization |  |  | Net March 31, 2025 |
Indefinite lived assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | N/A |  | $ | 2,150 |  |  | $ | — |  |  | $ | 2,150 |
Licenses |  | N/A |  |  | 1,900 |  |  |  | — |  |  |  | 1,900 |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Network relationships |  | 10-21 |  |  | 171,917 |  |  |  | (116,499 | ) |  |  | 55,418 |
Management contracts |  | 15 |  |  | 22,832 |  |  |  | (18,259 | ) |  |  | 4,573 |
Member relationships |  | 7-14 |  |  | 73,077 |  |  |  | (25,893 | ) |  |  | 47,184 |
Patient management platform |  | 5 |  |  | 2,060 |  |  |  | (2,060 | ) |  |  | — |
Tradename/trademarks |  | 20 |  |  | 1,011 |  |  |  | (371 | ) |  |  | 640 |
Developed technology |  | 6 |  |  | 107 |  |  |  | (56 | ) |  |  | 51 |
|  |  |  | $ | 275,054 |  |  | $ | (163,138 | ) |  | $ | 111,916 |
At December 31, 2024, intangible assets, net, consisted of the following (in thousands):
|  | Useful Life (Years) |  | Gross December 31, 2024 |  |  | Accumulated Amortization |  |  | Net December 31, 2024 |
Indefinite lived assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | N/A |  | $ | 2,150 |  |  | $ | — |  |  | $ | 2,150 |
Licenses |  | N/A |  |  | 1,900 |  |  |  | — |  |  |  | 1,900 |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Network relationships |  | 10-21 |  |  | 171,917 |  |  |  | (114,046 | ) |  |  | 57,871 |
Management contracts |  | 15 |  |  | 22,832 |  |  |  | (17,953 | ) |  |  | 4,879 |
Member relationships |  | 7-14 |  |  | 73,077 |  |  |  | (22,406 | ) |  |  | 50,671 |
Patient management platform |  | 5 |  |  | 2,060 |  |  |  | (2,060 | ) |  |  | — |
Tradename/trademarks |  | 20 |  |  | 1,011 |  |  |  | (358 | ) |  |  | 653 |
Developed technology |  | 6 |  |  | 107 |  |  |  | (52 | ) |  |  | 55 |
|  |  |  | $ | 275,054 |  |  | $ | (156,875 | ) |  | $ | 118,179 |
For the three months ended March 31, 2025 and 2024, the Company recognized amortization expenses of $6.3 million and $4.4 million, respectively, in depreciation and amortization in the accompanying condensed consolidated statements of income. The Company determined that ther e was no impai rment of its finite-lived intangible or long-lived assets during the three months ended March 31, 2025 and 2024. Future amortization expense is estimated to be as follows for the years ending December 31 (in thousands):
|  | Amount |
2025 (excluding the three months ended March 31, 2025) |  | $ | 18,395 |
2026 |  |  | 20,295 |
2027 |  |  | 16,808 |
2028 |  |  | 14,077 |
2029 |  |  | 11,397 |
Thereafter |  |  | 26,894 |
Total |  | $ | 107,866 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration