Intangible Assets and Goodwill

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Intangible Assets and Goodwill

Intangible Assets. The following tables provide detail of the Company’s intangible assets (in thousands):

As of March 31, 2026	Weighted Average Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing intangible assets:
Member relationships	15	$	18,491	$	(4,789)	$	13,702
Trademarks	7	474		(271)		203
Total amortizing intangible assets		$	18,965	$	(5,060)	$	13,905
Indefinite-lived intangible asset - Certificate of Need		7,000		—		7,000
Total intangible assets		$	25,965	$	(5,060)	$	20,905
As of December 31, 2025
Amortizing intangible assets:
Member relationships	15	$	18,491	$	(4,481)	$	14,010
Trademarks	7	474		(254)		220
Total amortizing intangible assets		$	18,965	(4,735)		$	14,230
Indefinite-lived intangible asset - Certificate of Need		7,000		—		7,000
Total intangible assets		$	25,965	$	(4,735)	$	21,230

Amortization of intangible assets for the three months ended March 31, 2026 and 2025 totaled $0.3 million and $0.3 million, respectively. As of March 31, 2026, expected amortization of intangible assets for each of the five succeeding fiscal years and thereafter is as follows (in thousands):

Year ended December 31,	Amount
2026	$	975
2027	1,300
2028	1,300
2029	1,300
2030	1,300
Thereafter	7,730
Total amortizing intangible assets	$	13,905

There have been no significant changes to goodwill from what was disclosed in Note 6 to the financial statements presented in the 2025 Form 10-K.