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GOODWILL AND OTHER INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill
During 2023, 2022 and 2021, 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).
The following table summarizes the activity related to our goodwill for 2023 and 2022 (amounts in millions):
Goodwill
Home HealthHospicePersonal CareHigh Acuity CareTotal
Balances at December 31, 2021(1)
$118.2 $800.9 $43.1 $233.9 $1,196.1 
Additions85.6 — — 8.5 94.1 
Adjustments(2)
— — — (2.8)(2.8)
Balances at December 31, 2022203.8 800.9 43.1 239.6 1,287.4 
Additions0.3 — — — 0.3 
Adjustments(3)
0.2 — — — 0.2 
Reclass between segments(4)
8.5 — — (8.5)— 
Divestitures(5)
— — (43.1)— (43.1)
Balances at December 31, 2023$212.7 $800.9 $— $231.1 $1,244.7 
(1)Net of prior years' accumulated impairment losses of $730.0 million within the home health reporting unit.
(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.
(3)The Company finalized its valuation of the assets acquired and liabilities assumed in connection with the acquisition of Evolution on April 1, 2022. See Note 5 – Mergers, Acquisitions and Dispositions for additional information.
(4)Effective January 1, 2023, we transitioned from the high acuity care segment to the home health segment the operations of a home health care center that was contributed to the high acuity care segment by one of our health system partners during 2022. See Note 5 – Mergers, Acquisitions and Dispositions and Note 15 – Segment Information for additional information.
(5)The Company divested its personal care business on March 31, 2023.
Other Intangible Assets, net
During 2023 and 2022, 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 2023 and 2022 (amounts in millions):
Other Intangible Assets, Net
Certificates of Need and LicensesAcquired
Names -Unamortizable
Acquired
Names -Amortizable
Non-Compete
Agreements
Technology(3)
Total
Balances at December 31, 2021(1)
$47.1 $35.6 $3.1 $6.4 $19.0 $111.2 
Additions2.4 — — — 1.1 3.5 
Amortization(2)
(2.8)— (3.1)(4.6)(3.0)(13.5)
Balances at December 31, 202246.7 35.6 — 1.8 17.1 101.2 
Additions0.1 — — — 7.1 7.2 
Amortization(2)
(0.1)— — (1.8)(3.8)(5.7)
Balances at December 31, 2023$46.7 $35.6 $— $— $20.4 $102.7 
(1)Net of prior years' accumulated amortization of $7.2 million for acquired names and $8.3 million for non-compete agreements.
(2)Amortization of certificates of need and licenses is related to care centers that were closed during 2022 and 2023.
(3)The weighted average remaining amortization period of our technology is 4.6 years.
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
2024$4.5 
20254.5 
20264.5 
20274.5 
20282.4 
$20.4 
See Note 5 – Mergers, Acquisitions and Dispositions for further details on additions to goodwill and other intangible assets, net.