GOODWILL AND OTHER INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

During 2022, 2021 and 2020, we did not record any goodwill impairment charges as a result of our annual impairment test and none of the goodwill associated with our reporting units was considered impaired as of October 31st of each respective year (the date of our annual goodwill impairment test). Since the date of our last annual goodwill impairment test, there have been no material developments, events, changes in operating performance or other circumstances that would cause management to believe it is more likely than not that the fair value of any of our reporting units would be less than their carrying amounts.

The following table summarizes the activity related to our goodwill for 2022 and 2021 (amounts in millions):

	Goodwill
	Home Health		Hospice		Personal Care		High Acuity Care		Total
Balances at December 31, 2020 (1)	$	90.4	$	799.2	$	43.1	$	—	$	932.7
Additions	27.8		1.7		—		233.9		263.4
Balances at December 31, 2021	118.2		800.9		43.1		233.9		1,196.1
Additions	85.6		—		—		8.5		94.1
Adjustments (2)	—		—		—		(2.8)		(2.8)
Balances at December 31, 2022	$	203.8	$	800.9	$	43.1	$	239.6	$	1,287.4

(1)Net of prior years' accumulated impairment losses of $733.7 million, which is inclusive of write-offs related to the sale and closure of care centers.

(2)The Company finalized its valuation of the assets acquired, liabilities assumed and noncontrolling interests in connection with the acquisition of Contessa on August 1, 2021. See Note 4 – Acquisitions for additional information.

Other Intangible Assets, Net

During 2022 and 2021, we did not record any impairment charges related to our other intangible assets.

The following table summarizes the activity related to our other intangible assets, net for 2022 and 2021 (amounts in millions):

	Other Intangible Assets, Net
	Certificates of Need and Licenses		Acquired Names -Unamortizable		Acquired Names -Amortizable		Non-Compete Agreements (3)		Technology (3)		Total
Balances at December 31, 2020 (1)	$	47.0	$	13.9	$	5.5	$	7.8	$	—	$	74.2
Additions	0.8		28.3		—		6.2		20.2		55.5
Reclass to amortizable intangible	—		(6.6)		6.6		—		—		—
Amortization (2)	(0.7)		—		(9.0)		(7.6)		(1.2)		(18.5)
Balances at December 31, 2021	47.1		35.6		3.1		6.4		19.0		111.2
Additions	2.4		—		—		—		1.1		3.5
Amortization (2)	(2.8)		—		(3.1)		(4.6)		(3.0)		(13.5)
Balances at December 31, 2022	$	46.7	$	35.6	$	—	$	1.8	$	17.1	$	101.2

(1)Net of prior years' accumulated amortization of $11.5 million for acquired names and $9.0 million for non-compete agreements.

(2)Amortization of certificates of need and licenses is related to care centers that were closed during 2021 and 2022.

(3)The weighted average remaining amortization period of our amortizable non-compete agreements and technology is 0.6 years and 5.6 years, respectively.

The estimated aggregate amortization expense related to intangible assets for each of the five succeeding years is as follows (amounts in millions):

	Intangible Asset Amortization
2023	$	4.8
2024	3.0
2025	3.0
2026	3.0
2027	3.0
	$	16.8

See Note 4 – Acquisitions for further details on additions to goodwill and other intangible assets, net.