Intangible Assets, Net

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets, Net

At March 31, 2021, the Company’s intangible assets, net, consisted of the following (in thousands):

	Useful Life (Years)	Gross March 31, 2021		Accumulated Amortization		Net March 31, 2021
Amortized intangible assets:
Network relationships	11-15	$	143,930	$	(76,171)	$	67,759
Management contracts	15	22,832		(12,202)		10,630
Member relationships	12	6,696		(3,415)		3,281
Patient management platform	5	2,060		(1,373)		687
Trade names/trademarks	20	1,011		(169)		842
		$	176,529	$	(93,330)	$	83,199

At December 31, 2020, the Company’s intangible assets, net, consisted of the following (in thousands):

	Useful Life (Years)	Gross December 31, 2020		Accumulated Amortization		Net December 31, 2020
Amortized intangible assets:
Network relationships	11-15	$	143,930	$	(73,169)	$	70,761
Management contracts	15	22,832		(11,715)		11,117
Member relationships	12	6,696		(3,234)		3,462
Patient management platform	5	2,060		(1,270)		790
Trade names/trademarks	20	1,011		(156)		855
		$	176,529	$	(89,544)	$	86,985

Included in depreciation and amortization on the accompanying consolidated statements of income is amortization expense of $3.8 million and $4.2 million for the three months ended March 31, 2021 and 2020.

Future amortization expense is estimated to be as follows for the following years ending December 31 (in thousands):

	Amount
2021 (excluding the three months ended March 31, 2021)	$	10,738
2022	12,673
2023	10,842
2024	9,830
2025	8,758
Thereafter	30,358
Total	$	83,199