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Goodwill and Intangible Assets, Net

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Note 5—Goodwill and Intangible Assets, Net

At June 30, 2025 and December 31, 2024, we had goodwill of $1.2 billion, net of accumulated goodwill impairment of $307 million.

Intangible assets, net subject to amortization, which excludes indefinite-lived intangible assets, at June 30, 2025 and December 31, 2024 were as follows:


	June 30, 2025						December 31, 2024
	Customer				Other		Customer				Other
	Relationships		Tradenames		Intangibles		Relationships		Tradenames		Intangibles
Intangible assets, gross	$	132,300	$	143,000	$	38,000	$	132,300	$	143,000	$	38,000
Accumulated amortization		(28,735)		(63,759)		(25,882)		(24,326)		(56,437)		(22,481)
Intangible assets, net	$	103,565	$	79,241	$	12,118	$	107,974	$	86,563	$	15,519
Weighted average useful life		5 years		10 years		6 years		15 years		10 years		6 years

Amortization expense for intangible assets was $7.6 million and $15 million for the three and six months ended June 30, 2025 and $10 million and $24 million for the three and six months ended June 30, 2024.

As of June 30, 2025, based on the current carrying value of intangible assets subject to amortization and expected remaining useful life, estimated amortization expense were as follows:


Year
2025 (remainder)	$	58,458
2026		68,122
2027		13,872
2028		11,953
2029		11,953
Thereafter		30,566
Total future amortization	$	194,924

As a result of a notice of a contract termination with a commercial Payor, the remaining useful life for an intangible asset associated with that relationship was modified as of June 30, 2025 and the updated future intangible amortization is reflected in the table above.