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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill by Segment and Related Adjustments

A summary of goodwill by segment and related adjustments is provided below:

 

 

 

Goodwill

 

 

 

Hospice

 

 

Personal Care

 

 

Home Health

 

 

Total

 

 

 

(Amounts In Thousands)

 

Goodwill at December 31, 2021

 

$

328,334

 

 

$

152,688

 

 

$

23,370

 

 

$

504,392

 

Additions for acquisitions

 

 

69,446

 

 

 

 

 

 

8,910

 

 

 

78,356

 

Adjustments to previously recorded goodwill

 

 

(52

)

 

 

 

 

 

141

 

 

 

89

 

Goodwill at December 31, 2022

 

 

397,728

 

 

 

152,688

 

 

 

32,421

 

 

 

582,837

 

Additions for acquisitions

 

 

35,071

 

 

 

601

 

 

 

44,274

 

 

 

79,946

 

Adjustments to previously recorded goodwill

 

 

 

 

 

(13

)

 

 

225

 

 

 

212

 

Goodwill at December 31, 2023

 

$

432,799

 

 

$

153,276

 

 

$

76,920

 

 

$

662,995

 

Schedule of Carrying Amount and Accumulated Amortization of Intangible Asset

The carrying amount and accumulated amortization of each identifiable intangible asset category consisted of the following at December 31, 2023 and 2022:

 

 

 

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

 

 

(Amounts in Thousands)

 

 

(Amounts in Thousands)

 

 

 

Estimated Useful Life

 

Gross carrying value

 

 

Accumulated amortization

 

 

Net carrying value

 

 

Gross carrying value

 

 

Accumulated amortization

 

 

Net carrying value

 

Customer and referral relationships

 

5-10 years

 

$

44,672

 

 

$

(39,566

)

 

$

5,106

 

 

$

44,672

 

 

$

(38,088

)

 

$

6,584

 

Trade names and trademarks

 

1-20 years

 

 

59,566

 

 

 

(23,857

)

 

 

35,709

 

 

 

52,046

 

 

 

(21,058

)

 

 

30,988

 

Non-competition agreement

 

3-5 years

 

 

6,785

 

 

 

(5,601

)

 

 

1,184

 

 

 

6,785

 

 

 

(4,785

)

 

 

2,000

 

State Licenses

 

6-10 years

 

 

12,671

 

 

 

(9,015

)

 

 

3,656

 

 

 

12,517

 

 

 

(7,009

)

 

 

5,508

 

State Licenses

 

Indefinite

 

 

46,328

 

 

 

 

 

 

46,328

 

 

 

27,108

 

 

 

 

 

 

27,108

 

Total intangible assets

 

 

 

$

170,022

 

 

$

(78,039

)

 

$

91,983

 

 

$

143,128

 

 

$

(70,940

)

 

$

72,188

 

Schedule of Future Amortization of Intangible Assets

The estimated future intangible amortization expense is as follows:

 

For the year ended December 31,

 

Total
(Amount in
Thousands)

 

2024

 

$

7,047

 

2025

 

 

5,424

 

2026

 

 

4,800

 

2027

 

 

4,178

 

2028

 

 

3,285

 

Thereafter

 

 

20,921

 

Total, intangible assets subject to amortization

 

$

45,655