XML 19 R12.htm IDEA: XBRL DOCUMENT
v3.25.3

Intangible Assets, Net | 9 Months Ended
--- | ---
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net | 4. Intangible Assets, Net At September 30, 2025, intangible assets, net, consisted of the following (in thousands):
|  | Useful Life (Years) |  | Gross September 30, 2025 |  |  | Accumulated Amortization |  |  | Net September 30, 2025 |
Indefinite lived assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks and licenses |  | N/A |  | $ | 5,950 |  |  | $ | — |  |  | $ | 5,950 |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Network relationships |  | 10–21 |  |  | 225,717 |  |  |  | (122,160 | ) |  |  | 103,557 |
Member relationships |  | 7–14 |  |  | 196,577 |  |  |  | (38,640 | ) |  |  | 157,937 |
Other(1) |  | 3–20 |  |  | 40,310 |  |  |  | (22,694 | ) |  |  | 17,616 |
|  |  |  | $ | 468,554 |  |  | $ | (183,494 | ) |  | $ | 285,060 |
(1) Other consists of management contracts, a patient management platform, trade name/trademarks, and developed technology. 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 and licenses |  | N/A |  | $ | 4,050 |  |  | $ | — |  |  | $ | 4,050 |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Network relationships |  | 10–21 |  |  | 171,917 |  |  |  | (114,046 | ) |  |  | 57,871 |
Member relationships |  | 7–14 |  |  | 73,077 |  |  |  | (22,406 | ) |  |  | 50,671 |
Other(1) |  | 5–20 |  |  | 26,010 |  |  |  | (20,423 | ) |  |  | 5,587 |
|  |  |  | $ | 275,054 |  |  | $ | (156,875 | ) |  | $ | 118,179 |
(1) Other consists of management contracts, a patient management platform, trade name/trademarks, and developed technology. For the three months ended September 30, 2025 and 2024, the Company recognized amortization expense of $14.2 million and $6.7 million, respectively, in depreciation and amortization in the accompanying condensed consolidated statements of income. For the nine months ended September 30, 2025 and 2024, the Company recognized amortization expense of $26.6 million and $18.0 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 and nine months ended September 30, 2025 and 2024. Future amortization expense is estimated to be as follows for the years ending December 31 (in thousands):
|  | Amount |
2025 (excluding the nine months ended September 30, 2025) |  | $ | 14,093 |
2026 |  |  | 55,108 |
2027 |  |  | 44,125 |
2028 |  |  | 35,715 |
2029 |  |  | 28,621 |
Thereafter |  |  | 101,448 |
Total |  | $ | 279,110 |

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