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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill and Related Adjustments

A summary of the goodwill and related adjustments is provided below:

 

 

 

Hospice

 

 

Personal Care

 

 

Home Health

 

 

Total

 

 

 

(Amounts in Thousands)

 

Goodwill as of December 31, 2023

 

$

432,799

 

 

$

153,276

 

 

$

76,920

 

 

$

662,995

 

Additions for acquisitions

 

 

 

 

 

400

 

 

 

 

 

 

400

 

Adjustments to previously recorded goodwill

 

 

38

 

 

 

 

 

 

418

 

 

 

456

 

Goodwill as of June 30, 2024

 

$

432,837

 

 

$

153,676

 

 

$

77,338

 

 

$

663,851

 

Schedule of Carrying Amount and Accumulated Amortization of Intangible Asset

The carrying amount and accumulated amortization of each identifiable intangible asset category consisted of the following:

 

 

 

 

 

June 30, 2024

 

 

December 31, 2023

 

 

 

 

 

(Amounts in Thousands)

 

 

(Amounts in Thousands)

 

 

 

Estimated Useful Life

 

Gross carrying value

 

 

Accumulated amortization

 

 

Net carrying value

 

 

Gross carrying value

 

 

Accumulated amortization

 

 

Net carrying value

 

Customer and referral relationships

 

5-10 years

 

$

44,672

 

 

$

(40,248

)

 

$

4,424

 

 

$

44,672

 

 

$

(39,566

)

 

$

5,106

 

Trade names and trademarks

 

1-20 years

 

 

59,566

 

 

 

(25,360

)

 

 

34,206

 

 

 

59,566

 

 

 

(23,857

)

 

 

35,709

 

Non-competition agreement

 

3-5 years

 

 

6,785

 

 

 

(6,009

)

 

 

776

 

 

 

6,785

 

 

 

(5,601

)

 

 

1,184

 

State Licenses

 

6-10 years

 

 

12,671

 

 

 

(10,007

)

 

 

2,664

 

 

 

12,671

 

 

 

(9,015

)

 

 

3,656

 

State Licenses

 

Indefinite

 

 

46,328

 

 

 

 

 

46,328

 

 

 

46,328

 

 

 

 

 

46,328

 

Total intangible assets

 

 

 

$

170,022

 

 

$

(81,624

)

 

$

88,398

 

 

$

170,022

 

 

$

(78,039

)

 

$

91,983