PAYOR RELATIONSHIPS AND OTHER INTANGIBLES, NET (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Total Intangible, Net

As of March 31, 2023, 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	$	(985)	$	424
Brand names	183,878		(36,389)		147,489
Non-compete agreements	85,476		(32,753)		52,723
Customer relationships	880		(245)		635
Payor relationships	631,214		(71,405)		559,809
Provider relationships	19,841		(8,280)		11,561
Total intangibles, net	$	922,698	$	(150,057)	$	772,641

    

As of December 31, 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	$	(945)	$	464
Brand names	183,878		(29,169)		154,709
Non-compete agreements	85,476		(28,341)		57,135
Customer relationships	880		(233)		647
Payor relationships	631,214		(63,510)		567,704
Provider relationships	19,842		(6,738)		13,104
Total intangibles, net	$	922,699	$	(128,936)	$	793,763

Schedule of Expected Amortization Expense of The Intangible Assets

Expected amortization expense for the Company’s existing amortizable intangibles for the next 5 years, and thereafter, as of March 31, 2023 is as follows:

(in thousands)		Amount
2023 - remaining	$	61,686
2025		60,901
2026		57,188
2027		47,007
2028		40,233
Thereafter		505,626
Total	$	772,641