| Schedule of Finite-Lived Intangible Assets |
Definite-lived intangible assets represent the estimated fair value of intangible assets acquired. Amortization is calculated using the straight-line method over the estimated useful lives of the intangible assets which are as follows: | | | | | | | Trade names | 20 years | | Consumer customer relationships | 10 - 24 years | | | Management Service Agreement | 16 years | | Physician network | 15 years | | Payer contracts | 17 - 22 years | MSO Service Agreement | 21 years |
A summary of the Company’s intangible assets is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | December 31, 2022 | | (Dollars in thousands) | Intangible Assets | | Accumulated Amortization | | Intangible Assets | | Accumulated Amortization | | Trade names | $ | 4,600 | | | $ | 2,147 | | | $ | 4,600 | | | $ | 1,917 | | | Consumer customer relationships | 3,100 | | | 2,566 | | | 3,100 | | | 2,291 | | Management Service Agreement | 2,200 | | | 1,134 | | | 2,200 | | | 997 | | Physician network | 7,446 | | | 362 | | | 1,520 | | | 127 | | Payer contracts | 52,427 | | | 2,184 | | | 2,750 | | | 164 | | MSO Service Agreement | 51,800 | | | 5,550 | | | 51,800 | | | 3,087 | | | 121,573 | | | $ | 13,943 | | | 65,970 | | | $ | 8,583 | | | Less accumulated amortization | (13,943) | | | | | (8,583) | | | | | Intangible assets, net | $ | 107,630 | | | | | $ | 57,387 | | | |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Estimated amortization expense for the Company’s intangible assets for the following five years is as follows: | | | | | | | (Dollars in Thousands) | | 2024 | $ | 6,023 | | | 2025 | 5,857 | | | 2026 | 5,857 | | | 2027 | 5,857 | | | 2028 | 5,857 | | | Thereafter | 78,179 | | | Total | $ | 107,630 | |
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