| Schedule of Intangible Assets, Net |
As of June 30, 2026, intangible assets, net, consisted of the following (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Useful
Life
(Years) |
|
Gross
June 30,
2026 |
|
|
Accumulated
Amortization |
|
|
Net
June 30,
2026 |
|
Indefinite-lived assets: |
|
|
|
|
|
|
|
|
|
|
|
Trademarks and licenses |
|
N/A |
|
$ |
5,950 |
|
|
$ |
— |
|
|
$ |
5,950 |
|
Amortized intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
Network relationships |
|
10–21 |
|
|
225,717 |
|
|
|
(131,562 |
) |
|
|
94,155 |
|
Member relationships |
|
7–14 |
|
|
196,577 |
|
|
|
(67,152 |
) |
|
|
129,425 |
|
Other (1) |
|
3–20 |
|
|
40,310 |
|
|
|
(26,528 |
) |
|
|
13,782 |
|
|
|
|
|
$ |
468,554 |
|
|
$ |
(225,242 |
) |
|
$ |
243,312 |
|
(1)Other consists of management contracts, a patient management platform, trade name/trademarks, and developed technology. As of December 31, 2025, intangible assets, net, consisted of the following (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Useful
Life
(Years) |
|
Gross
December 31,
2025 |
|
|
Accumulated
Amortization |
|
|
Net
December 31,
2025 |
|
Indefinite-lived assets: |
|
|
|
|
|
|
|
|
|
|
|
Trademarks and licenses |
|
N/A |
|
$ |
5,950 |
|
|
$ |
— |
|
|
$ |
5,950 |
|
Amortized intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
Network relationships |
|
10–21 |
|
|
225,717 |
|
|
|
(125,359 |
) |
|
|
100,358 |
|
Member relationships |
|
7–14 |
|
|
196,577 |
|
|
|
(47,908 |
) |
|
|
148,669 |
|
Other (1) |
|
3–20 |
|
|
40,310 |
|
|
|
(24,319 |
) |
|
|
15,991 |
|
|
|
|
|
$ |
468,554 |
|
|
$ |
(197,586 |
) |
|
$ |
270,968 |
|
(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 |
|
2026 (excluding the six months ended June 30, 2026) |
|
$ |
27,452 |
|
2027 |
|
|
44,125 |
|
2028 |
|
|
35,715 |
|
2029 |
|
|
28,622 |
|
2030 |
|
|
21,687 |
|
Thereafter |
|
|
79,761 |
|
Total |
|
$ |
237,362 |
|
|