Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

v3.21.2
Intangible Assets, Net
9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net Intangible Assets, Net
At September 30, 2021, the Company’s intangible assets, net, consisted of the following (in thousands):
Useful
Life
(Years)
Gross September 30,
2021
Accumulated
Amortization
Net September 30,
2021
Indefinite lived assets:
Trademarks N/A $ 996  $ —  $ 996 
Amortized intangible assets:
Network relationships
11-15
$ 148,845  $ (82,117) $ 66,728 
Management contracts
15 22,832  (13,128) 9,704 
Member relationships
12 8,997  (4,129) 4,868 
Patient management platform
5 2,060  (1,579) 481 
Trade names/trademarks 20 1,011  (194) 817 
$ 184,741  $ (101,147) $ 83,594 
At December 31, 2020, the Company’s intangible assets, net, consisted of the following (in thousands):
Useful
Life
(Years)
Gross December 31,
2020
Accumulated
Amortization
Net December 31, 2020
Amortized intangible assets:
Network relationships
11-15
$ 143,930  $ (73,169) $ 70,761 
Management contracts
15 22,832  (11,715) 11,117 
Member relationships
12 6,696  (3,234) 3,462 
Patient management platform
5 2,060  (1,270) 790 
Trade names/trademarks 20 1,011  (156) 855 
$ 176,529  $ (89,544) $ 86,985 
Included in depreciation and amortization on the accompanying consolidated statements of operations is amortization expense of $4.1 million and $4.0 million for the three months ended September 30, 2021 and 2020, respectively, and $11.6 million and $12.3 million for the nine months ended September 30, 2021 and 2020, respectively.
Future amortization expense is estimated to be as follows for the following years ending December 31 (in thousands):
Amount
2021 (excluding the nine months ended September 30, 2021) $ 4,007 
2022 13,962 
2023 11,767 
2024 10,584 
2025 9,370 
Thereafter 32,908 
Total $ 82,598