Payor Relationships and Other Intangibles, Net (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Total Intangible, Net

As of June 30, 2022, the Company’s total intangibles, net consisted of the following:

(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Intangibles:
Trade names	$	1,409	$	(865)	$	544
Brand names	183,263		(14,823)		168,440
Non-compete agreements	76,273		(19,768)		56,505
Customer relationships	880		(208)		672
Payor relationships	609,687		(47,954)		561,733
Provider relationships	12,242		(4,276)		7,966
Total intangibles, net	$	883,754	$	(87,894)	$	795,860

    

As of December 31, 2021, the Company’s total intangibles, net consisted of the following:

(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Intangibles:
Trade names	$	1,409	$	(787)	$	622
Brand names	183,238		(9,037)		174,201
Non-compete agreements	75,794		(12,110)		63,684
Customer relationships	880		(184)		696
Payor relationships	609,362		(32,714)		576,648
Provider relationships	12,242		(2,472)		9,770
Total intangibles, net	$	882,925	$	(57,304)	$	825,621

Summary of Expected Amortization Expense of The Intangible Assets

Expected amortization expense for the Company’s existing amortizable intangibles for the next five years, and thereafter, as of June 30, 2022 was as follows:

		Amount (in thousands)
2022 - remaining	$	31,712
2023		58,351
2024		56,346
2025		54,713
2026		46,612
Thereafter		548,126
Total	$	795,860