Intangible Assets and Goodwill

6 Months Ended

Jun. 30, 2025

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

NOTE 6. INTANGIBLE ASSETS AND GOODWILL

Intangible assets and Goodwill consist of the following:

(Amounts in 000’s)	Bed licenses (included in property and equipment) (1)			Bed Licenses - Separable (2)		Lease Rights			Total			Goodwill (2)
Balances, December 31, 2024
Gross	$	14,276		$	2,471	$	176		$	16,923		$	1,585
Accumulated amortization		(5,411	)		—		(107	)		(5,518	)		—
Net carrying amount	$	8,865		$	2,471	$	69		$	11,405		$	1,585
Balances, June 30, 2025
Gross	$	14,276		$	2,471	$	176		$	16,923		$	1,585
Accumulated amortization		(5,587	)		—		(116	)		(5,703	)		—
Net carrying amount	$	8,689		$	2,471	$	60		$	11,220		$	1,585

(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.

The following table summarizes amortization expense for the three and six months ended June 30, 2025 and 2024:

	Three Months Ended June 30,				Six Months Ended June 30,
(Amounts in 000’s)	2025		2024		2025		2024
Bed licenses	$	87	$	102	$	176	$	206
Lease rights		6		6		10		10
Total amortization expense	$	93	$	108	$	186	$	216

Expected amortization expense for the years ending December 31, for all definite-lived intangibles, for each of the next five years and thereafter is as follows:

(Amounts in 000’s)	Bed Licenses		Lease Rights
2025 (6 months remaining)	$	176	$	9
2026		353		18
2027		353		18
2028		353		15
2029		353		—
Thereafter		7,101		—
Total expected amortization expense	$	8,689	$	60