| Schedule of Intangible Assets and Goodwill |
Intangible assets and Goodwill consist of the following:
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(Amounts in 000’s) |
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Bed licenses
(included
in property and
equipment)1) |
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Bed Licenses -
Separable (2) |
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Lease
Rights |
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Pharmacy Intangibles |
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Total |
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Pharmacy Intangibles - Trade Name (2) |
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Goodwill (2) |
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Balances, December 31, 2025 |
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Gross |
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$ |
11,796 |
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$ |
2,471 |
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|
$ |
176 |
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$ |
1,430 |
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|
$ |
15,873 |
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|
$ |
740 |
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|
$ |
1,585 |
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Accumulated amortization |
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|
(4,880 |
) |
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— |
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|
(124 |
) |
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(33 |
) |
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(5,037 |
) |
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— |
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— |
|
Net carrying amount |
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$ |
6,916 |
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$ |
2,471 |
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$ |
52 |
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$ |
1,397 |
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$ |
10,836 |
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$ |
740 |
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$ |
1,585 |
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Balances, June 30, 2026 |
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Gross |
|
$ |
11,796 |
|
|
$ |
2,471 |
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|
$ |
176 |
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$ |
1,427 |
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$ |
15,870 |
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$ |
740 |
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$ |
1,585 |
|
Accumulated amortization |
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|
(5,056 |
) |
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— |
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|
(133 |
) |
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(74 |
) |
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(5,263 |
) |
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— |
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— |
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Net carrying amount |
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$ |
6,740 |
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|
$ |
2,471 |
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$ |
43 |
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|
$ |
1,353 |
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|
$ |
10,607 |
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|
$ |
740 |
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|
$ |
1,585 |
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(1)Non-separable bed licenses are included in property and equipment as is the related accumulated amortization expense (see Note 4 – Property and Equipment). (2)The Company does not amortize indefinite-lived intangibles, which consist of separable bed licenses and goodwill.
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| Schedule of Total Amortization Expense |
The following table summarizes amortization expense for the three and six months ended June 30, 2026 and 2025:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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(Amounts in 000’s) |
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2026 |
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2025 |
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|
2026 |
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|
2025 |
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Bed licenses |
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$ |
89 |
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$ |
87 |
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$ |
176 |
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$ |
176 |
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Lease rights |
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4 |
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6 |
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|
9 |
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|
10 |
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Pharmacy Intangibles |
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|
25 |
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|
— |
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|
41 |
|
|
|
— |
|
Total amortization expense |
|
$ |
118 |
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|
$ |
93 |
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|
$ |
226 |
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|
$ |
186 |
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| Schedule of Estimated Amortization Expense for All Definite Lived Intangibles |
Expected amortization expense for the years ending December 31, for all definite-lived intangibles, for the remaining six months ending December 31, 2026 and each of the next four years and thereafter is as follows:
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(Amounts in 000’s) |
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Pharmacy Intangibles |
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Bed
Licenses |
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|
Lease
Rights |
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For the remaining six months ending December 31, 2026 |
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$ |
44 |
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$ |
176 |
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$ |
9 |
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2027 |
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|
88 |
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|
|
352 |
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|
18 |
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2028 |
|
|
88 |
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|
352 |
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|
16 |
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2029 |
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|
88 |
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|
352 |
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— |
|
2030 |
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|
88 |
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|
352 |
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— |
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Thereafter |
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|
957 |
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|
5,156 |
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|
— |
|
Total expected amortization expense |
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$ |
1,353 |
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|
$ |
6,740 |
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|
$ |
43 |
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|