Note 12 - Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note 12 – Goodwill and Other Intangible Assets

As of December 31, 2024, we evaluated potential triggering events that might be indicators that our goodwill and indefinite lived intangibles were impaired. The Company performs its goodwill impairment analysis for each reporting unit that constitutes a component for which (1) discrete financial information is available and (2) segment management regularly reviews the operating results of that component, in accordance with the provisions of ASC Topic 350, Intangibles - Goodwill and Other. No goodwill or intangible asset impairments were recorded during the years ended December 31, 2024, 2023, and 2022.

The following table represents activity in goodwill by segment as of and for the year ended December 31, 2024 (in thousands):

	Year Ended December 31, 2024
	Inpatient Services		Homecare and Hospice		All Other		Total
January 1, 2023		3,741		164,554		–		168,295
Additions		–		–		–		–
December 31, 2023		3,741		164,554		–		168,295
Additions		2,183		–		–		2,183
December 31, 2024	$	5,924	$	164,554	$	–	$	170,478

As part of the White Oak acquisition (Note 2) in 2024, we recorded goodwill in the amount of $2,183,000.  

Indefinite-lived intangible assets consist of the following (in thousands):

	December 31, 2024		December 31, 2023
Trade names	$	15,896	$	4,340
Certificates of need		1,756		532
Licenses		2,212		2,166
Total	$	19,864	$	7,038

As part of the White Oak acquisition (Note 2) in 2024, we recorded indefinite-lived intangible assets that consisted of the trade name ($11,556,000) and certificates of need and licenses ($1,270,000).