XML 36 R24.htm IDEA: XBRL DOCUMENT v3.22.4
Goodwill and Other Intangibles, Net (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill by Segment
The following table summarizes changes in goodwill and other intangibles assets by segment during the twelve months ended December 31, 2022 and 2021 (amounts in thousands):
Home Health
Hospice
Home and community-
based
Facility-based
HCI
Total
Goodwill
Balance as of December 31, 2020$884,000 $151,742 $166,773 $15,770 $40,862 $1,259,147 
Acquisitions84,377 404,590 254 — — 489,221 
Noncontrolling interest78 — — — — 78 
Adjustments and disposals(20)— — — — (20)
Balance as of December 31, 2021$968,435 $556,332 $167,027 $15,770 $40,862 $1,748,426 
Acquisitions19,917 — — — — 19,917 
Noncontrolling interest1,266 — — — — 1,266 
Adjustments and disposals(2,491)(20)(1,320)— — (3,831)
Balance as of December 31, 2022$987,127 $556,312 $165,707 $15,770 $40,862 $1,765,778 
Intangibles Assets
Balance as of December 31, 2020$226,004 $44,732 $24,208 $5,311 $15,100 $315,355 
Acquisitions13,734 73,026 46 614 — 87,420 
Amortization(480)(418)(9)(6)(581)(1,494)
Adjustments and disposals(1,279)— — — — (1,279)
Balance as of December 31, 2021$237,979 $117,340 $24,245 $5,919 $14,519 $400,002 
Acquisitions5,483 — — — — 5,483 
Amortization(1,937)(1,679)(9)(368)(581)(4,574)
Adjustments and disposals(3,805)(1,267)(511)— — (5,583)
Balance as of December 31, 2022$237,720 $114,394 $23,725 $5,551 $13,938 $395,328 
Schedule of Changes in Intangible Assets, Indefinite
The following tables summarize the changes in intangible assets during the twelve months ended December 31, 2022 and 2021 (amounts in thousands):
20222021
Indefinite-lived intangible assets:
  Trade names$210,373 $207,780 
  Certificates of need/licenses170,808 173,955 
  Net total$381,181 $381,735 
Definite-lived intangible assets:
  Trade names
Gross carrying amount$11,273 $11,073 
Accumulated amortization(10,615)(9,606)
Net total$658 $1,467 
Non-compete agreements
Gross carrying amount$14,778 $14,524 
Accumulated amortization(10,155)(7,172)
Net total$4,623 $7,352 
Customer relationships
Gross carrying amount$11,822 $11,822 
Accumulated amortization(2,956)(2,374)
Net total$8,866 $9,448 
Total definite-lived intangible assets
Gross carrying amount$37,873 $37,419 
Accumulated amortization(23,726)(19,152)
Net total$14,147 $18,267 
Total intangible assets:
Gross carrying amount$419,054 $419,154 
Accumulated amortization(23,726)(19,152)
Net total$395,328 $400,002 
Schedule of Changes in Intangible Assets, Finite
The following tables summarize the changes in intangible assets during the twelve months ended December 31, 2022 and 2021 (amounts in thousands):
20222021
Indefinite-lived intangible assets:
  Trade names$210,373 $207,780 
  Certificates of need/licenses170,808 173,955 
  Net total$381,181 $381,735 
Definite-lived intangible assets:
  Trade names
Gross carrying amount$11,273 $11,073 
Accumulated amortization(10,615)(9,606)
Net total$658 $1,467 
Non-compete agreements
Gross carrying amount$14,778 $14,524 
Accumulated amortization(10,155)(7,172)
Net total$4,623 $7,352 
Customer relationships
Gross carrying amount$11,822 $11,822 
Accumulated amortization(2,956)(2,374)
Net total$8,866 $9,448 
Total definite-lived intangible assets
Gross carrying amount$37,873 $37,419 
Accumulated amortization(23,726)(19,152)
Net total$14,147 $18,267 
Total intangible assets:
Gross carrying amount$419,054 $419,154 
Accumulated amortization(23,726)(19,152)
Net total$395,328 $400,002 
Schedule of Estimated Intangible Asset Amortization Expense
The estimated intangible asset amortization expense for each of the five years subsequent to December 31, 2022 is as follows (amounts in thousands):
YearAmortization amount
2023$2,708 
20242,224 
20251,860 
20261,579 
2027656 
Total$9,027