GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill consist of the following for the three and six months ended June 30, 2025 (in thousands):

	Amount
Balance at December 31, 2024	$	1,540,246
Acquisitions	65,684
Balance at March 31, 2025	$	1,605,930
Purchase accounting adjustments	(75)
Balance at June 30, 2025	$	1,605,855

There was no change in the carrying amount of goodwill for the three and six months ended June 30, 2024.

The carrying amount and accumulated amortization of intangible assets consist of the following as of June 30, 2025 and December 31, 2024 (in thousands):

	June 30, 2025		December 31, 2024
Gross intangible assets:
Referral sources	$	551,188	$	514,388
Trademarks/names	46,808		39,136
Other amortizable intangible assets	985		985
Total gross intangible assets	598,981		554,509
Accumulated amortization:
Referral sources	(247,037)		(230,371)
Trademarks/names	(23,600)		(22,599)
Other amortizable intangible assets	(627)		(529)
Total accumulated amortization	(271,264)		(253,499)
Total intangible assets, net	$	327,717	$	301,010

Amortization expense for intangible assets was $9.3 million and $18.4 million for the three and six months ended June 30, 2025, respectively. Amortization expense for intangible assets was $8.6 million and $17.2 million for the three and six months ended June 30, 2024, respectively.