Intangible Assets, Net (Tables)
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9 Months Ended |
Sep. 30, 2019 |
Goodwill and Intangible Assets Disclosure [Abstract] |
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Schedule of Intangible Assets, Net |
At September 30, 2019, the Company’s intangible assets, net, consisted of the following: | | | | | | | | | | | | | | | | Useful Life (Years) | | Gross September 30, 2019 | | Accumulated Amortization | | Net September 30, 2019 | Indefinite lived assets: | | | | | | | | Medicare license | N/A | | $ | — |
| | $ | — |
| | $ | — |
| Amortized intangible assets: | | | | | | | | Network relationships | 11-15 | | 151,152,000 |
| | (57,503,773 | ) | | 93,648,227 |
| Management contracts | 15 | | 22,832,000 |
| | (9,146,391 | ) | | 13,685,609 |
| Member relationships | 12 | | 6,696,000 |
| | (2,086,523 | ) | | 4,609,477 |
| Patient management platform | 5 | | 2,060,000 |
| | (755,333 | ) | | 1,304,667 |
| Tradename/trademarks | 20 | | 1,011,000 |
| | (92,675 | ) | | 918,325 |
| | | | $ | 183,751,000 |
| | $ | (69,584,695 | ) | | $ | 114,166,305 |
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At December 31, 2018, the Company’s intangible assets, net, consisted of the following: | | | | | | | | | | | | | | | | Useful Life (Years) | | Gross December 31, 2018 | | Accumulated Amortization | | Net December 31, 2018 | Indefinite lived assets: | | | | | | | | Medicare license | N/A | | $ | 1,994,000 |
| | $ | — |
| | $ | 1,994,000 |
| Amortized intangible assets: | | | | | | | | Network relationships | 11-15 | | 109,883,000 |
| | (48,361,773 | ) | | 61,521,227 |
| Management contracts | 15 | | 22,832,000 |
| | (7,447,581 | ) | | 15,384,419 |
| Member relationships | 12 | | 6,696,000 |
| | (1,289,667 | ) | | 5,406,333 |
| Patient management platform | 5 | | 2,060,000 |
| | (446,333 | ) | | 1,613,667 |
| Tradename/trademarks | 20 | | 1,011,000 |
| | (54,763 | ) | | 956,237 |
| | | | $ | 144,476,000 |
| | $ | (57,600,117 | ) | | $ | 86,875,883 |
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Schedule of Intangible Assets, Net |
At September 30, 2019, the Company’s intangible assets, net, consisted of the following: | | | | | | | | | | | | | | | | Useful Life (Years) | | Gross September 30, 2019 | | Accumulated Amortization | | Net September 30, 2019 | Indefinite lived assets: | | | | | | | | Medicare license | N/A | | $ | — |
| | $ | — |
| | $ | — |
| Amortized intangible assets: | | | | | | | | Network relationships | 11-15 | | 151,152,000 |
| | (57,503,773 | ) | | 93,648,227 |
| Management contracts | 15 | | 22,832,000 |
| | (9,146,391 | ) | | 13,685,609 |
| Member relationships | 12 | | 6,696,000 |
| | (2,086,523 | ) | | 4,609,477 |
| Patient management platform | 5 | | 2,060,000 |
| | (755,333 | ) | | 1,304,667 |
| Tradename/trademarks | 20 | | 1,011,000 |
| | (92,675 | ) | | 918,325 |
| | | | $ | 183,751,000 |
| | $ | (69,584,695 | ) | | $ | 114,166,305 |
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At December 31, 2018, the Company’s intangible assets, net, consisted of the following: | | | | | | | | | | | | | | | | Useful Life (Years) | | Gross December 31, 2018 | | Accumulated Amortization | | Net December 31, 2018 | Indefinite lived assets: | | | | | | | | Medicare license | N/A | | $ | 1,994,000 |
| | $ | — |
| | $ | 1,994,000 |
| Amortized intangible assets: | | | | | | | | Network relationships | 11-15 | | 109,883,000 |
| | (48,361,773 | ) | | 61,521,227 |
| Management contracts | 15 | | 22,832,000 |
| | (7,447,581 | ) | | 15,384,419 |
| Member relationships | 12 | | 6,696,000 |
| | (1,289,667 | ) | | 5,406,333 |
| Patient management platform | 5 | | 2,060,000 |
| | (446,333 | ) | | 1,613,667 |
| Tradename/trademarks | 20 | | 1,011,000 |
| | (54,763 | ) | | 956,237 |
| | | | $ | 144,476,000 |
| | $ | (57,600,117 | ) | | $ | 86,875,883 |
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Schedule of Future Amortization Expense |
Future amortization expense is estimated to be as follows for the following years ending December 31: | | | | | | Amount | | | 2019 (excluding the nine months ended September 30, 2019) | $ | 4,212,000 |
| 2020 | 15,757,000 |
| 2021 | 14,436,000 |
| 2022 | 13,559,000 |
| 2023 | 12,341,000 |
| Thereafter | 53,861,000 |
| | | Total | $ | 114,166,000 |
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