v3.26.1
Goodwill and Intangible Assets, Net
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets, Net  
Goodwill and Intangible Assets, Net

Note 3—Goodwill and Intangible Assets, Net

At March 31, 2026 and December 31, 2025, we had goodwill of $1.2 billion, net of accumulated goodwill impairment of $307 million.

Intangible assets, net subject to amortization, at March 31, 2026 and December 31, 2025 were as follows:

March 31, 2026

December 31, 2025

  ​ ​ ​

Customer

  ​ ​ ​

  ​ ​ ​

Other

  ​ ​ ​

Customer

  ​ ​ ​

  ​ ​ ​

Other

Relationships

Tradenames

 Intangibles

Relationships

Tradenames

Intangibles

Intangible assets, gross

$

132,300

$

143,000

$

38,000

$

132,300

$

143,000

$

38,000

Accumulated amortization

 

(100,340)

 

(74,742)

 

(30,982)

 

(76,472)

 

(71,081)

 

(29,282)

Intangible assets, net

$

31,960

$

68,258

$

7,018

$

55,828

$

71,919

$

8,718

Weighted average useful life

 

7 years

 

10 years

 

6 years

 

6 years

 

10 years

 

6 years

Amortization expense for intangible assets was $29 million for the three months ended March 31, 2026 and $7.6 million for the three months ended March 31, 2025. The increase as compared to the prior year was driven by the remaining useful life for an intangible asset being modified as of June 30, 2025, as a result of a notice of a contract termination with a commercial Payor. The updated future intangible amortization is reflected in the table below.

As of March 31, 2026, based on the current carrying value of intangible assets subject to amortization and expected remaining useful life, estimated amortization expense was as follows:

Year

  ​ ​ ​

2026 (remainder)

$

38,893

2027

 

13,872

2028

 

11,953

2029

 

11,953

2030

 

11,953

Thereafter

18,612

Total future amortization

$

107,236