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Goodwill and Intangible Assets, Net (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Change in Goodwill | The following table summarizes the changes in the carrying amount of goodwill, for the periods presented (in thousands):
| For the Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Balance, beginning of period | $ | 1,116,542 |  |  | $ | 722,774 |  |  | $ | 426,297 |
Goodwill acquired (1) | 20,809 |  |  | 395,164 |  |  | 296,597 |
Measurement period adjustment | — |  |  | 971 |  |  | — |
Goodwill disposal (2) | — |  |  | (2,363) |  |  | — |
Foreign currency translation | (31) |  |  | (4) |  |  | (120) |
Balance, end of period | $ | 1,137,320 |  |  | $ | 1,116,542 |  |  | $ | 722,774 |
———————— (1)Goodwill acquired from the addition of IPG in August 2022, NIA in January 2023 and Machinify in August 2024 as described in Note 4. (2)Goodwill written-off upon disposal of non-strategic assets.
Schedule of Intangible Assets, Net | The following summarizes the estimated useful lives by asset classification:
Customer relationships | 11 - 25 years
Technology | 5 years
Provider network contracts | 2 - 5 years
Details of our intangible assets (in thousands, except weighted-average useful lives) are presented below:
| December 31, 2024 |  | December 31, 2023
| Weighted- Average Remaining Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value |  | Weighted- Average Remaining Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Corporate trade name | 0.0 |  | $ | 51,965 |  |  | $ | 51,965 |  |  | $ | — |  |  | 1.0 |  | $ | 51,965 |  |  | $ | 30,288 |  |  | $ | 21,677 |
Customer relationships | 13.5 |  | 806,668 |  |  | 186,377 |  |  | 620,291 |  |  | 14.5 |  | 806,668 |  |  | 139,150 |  |  | 667,518 |
Technology | 3.0 |  | 169,715 |  |  | 117,924 |  |  | 51,791 |  |  | 3.8 |  | 162,015 |  |  | 101,566 |  |  | 60,449 |
Below market lease, net | 0.0 |  | 1,218 |  |  | 1,218 |  |  | — |  |  | 0.0 |  | 1,218 |  |  | 1,218 |  |  | — |
Provider network contracts | 4.8 |  | 26,522 |  |  | 18,448 |  |  | 8,074 |  |  | 1.1 |  | 18,054 |  |  | 15,689 |  |  | 2,365 |
Total intangible assets, net |  |  | $ | 1,056,088 |  |  | $ | 375,932 |  |  | $ | 680,156 |  |  |  |  | $ | 1,039,920 |  |  | $ | 287,911 |  |  | $ | 752,009 |
Schedule of Future Estimated Amortization of Intangible Assets | Future estimated amortization of intangible assets (in thousands) as of December 31, 2024, is as follows:
2025 | $ | 66,203 |
2026 | 65,953 |
2027 | 63,211 |
2028 | 51,277 |
2029 | 48,864 |
Thereafter | 384,648 |
Total future amortization of intangible assets | $ | 680,156 |

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