| Schedule of Intangible Assets, Net |
At September 30, 2025, intangible assets, net, consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Useful
Life
(Years) |
|
Gross
September 30,
2025 |
|
|
Accumulated
Amortization |
|
|
Net
September 30,
2025 |
|
Indefinite lived assets: |
|
|
|
|
|
|
|
|
|
|
|
Trademarks and licenses |
|
N/A |
|
$ |
5,950 |
|
|
$ |
— |
|
|
$ |
5,950 |
|
Amortized intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
Network relationships |
|
10–21 |
|
|
225,717 |
|
|
|
(122,160 |
) |
|
|
103,557 |
|
Member relationships |
|
7–14 |
|
|
196,577 |
|
|
|
(38,640 |
) |
|
|
157,937 |
|
Other(1) |
|
3–20 |
|
|
40,310 |
|
|
|
(22,694 |
) |
|
|
17,616 |
|
|
|
|
|
$ |
468,554 |
|
|
$ |
(183,494 |
) |
|
$ |
285,060 |
|
(1)Other consists of management contracts, a patient management platform, trade name/trademarks, and developed technology. At December 31, 2024, intangible assets, net, consisted of the following (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Useful
Life
(Years) |
|
Gross
December 31,
2024 |
|
|
Accumulated
Amortization |
|
|
Net
December 31,
2024 |
|
Indefinite lived assets: |
|
|
|
|
|
|
|
|
|
|
|
Trademarks and licenses |
|
N/A |
|
$ |
4,050 |
|
|
$ |
— |
|
|
$ |
4,050 |
|
Amortized intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
Network relationships |
|
10–21 |
|
|
171,917 |
|
|
|
(114,046 |
) |
|
|
57,871 |
|
Member relationships |
|
7–14 |
|
|
73,077 |
|
|
|
(22,406 |
) |
|
|
50,671 |
|
Other(1) |
|
5–20 |
|
|
26,010 |
|
|
|
(20,423 |
) |
|
|
5,587 |
|
|
|
|
|
$ |
275,054 |
|
|
$ |
(156,875 |
) |
|
$ |
118,179 |
|
(1)Other consists of management contracts, a patient management platform, trade name/trademarks, and developed technology.
|
| Schedule of Future Amortization Expense |
Future amortization expense is estimated to be as follows for the years ending December 31 (in thousands):
|
|
|
|
|
|
|
Amount |
|
2025 (excluding the nine months ended September 30, 2025) |
|
$ |
14,093 |
|
2026 |
|
|
55,108 |
|
2027 |
|
|
44,125 |
|
2028 |
|
|
35,715 |
|
2029 |
|
|
28,621 |
|
Thereafter |
|
|
101,448 |
|
|
|
|
|
Total |
|
$ |
279,110 |
|
|