Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of intangible assets, net

As of March 31, 2022, the Company’s intangible assets, net consists of the following:

(in thousands)	Weighted average amortization period	Gross carrying amount		Accumulated amortization		Net carrying amount
Intangible assets
Amortizing intangible assets:
Payor contracts	10 years	$	19,400	$	(6,623)	$	12,777
Trade names	10 years	4,170		(1,451)		2,719
Clinical contracts	9 years	2,909		(833)		2,076
Total intangible assets		$	26,479	$	(8,907)	$	17,572

As of December 31, 2021, the Company’s intangible assets, net consists of the following:

(in thousands)	Weighted average amortization period	Gross carrying amount		Accumulated amortization		Net carrying amount
Intangible assets
Amortizing intangible assets:
Payor contracts	10 years	$	19,400	$	(6,152)	$	13,248
Trade names	10 years	4,170		(1,350)		2,820
Clinical contracts	10 years	2,909		(732)		2,177
Total intangible assets		$	26,479	$	(8,234)	$	18,245

Summary of estimated aggregate amortization expense

The estimated aggregate amortization expense for each of the five succeeding fiscal years as of March 31, 2022 is as follows:

(in thousands)	Amount
Year ending December 31:
2022	$	2,011
2023	2,639
2024	2,639
2025	2,639
2026	2,617
Thereafter	5,027
Total	$	17,572

Summary of goodwill and changes in the carrying amount of goodwill

The goodwill allocated to each of the reporting units as of March 31, 2022 and December 31, 2021 is as follows:

(in thousands)	March 31, 2022		December 31, 2021
Patient services	$	21,443	$	21,443
Dispensary	4,551		4,551
Clinical trials & other	632		632
Total goodwill	$	26,626	$	26,626

The changes in the carrying amount of goodwill for the three months ended March 31, 2022 and for the year ended December 31, 2021 are as follows:

(in thousands)	2022		2021
Balance as of January 1:
Gross goodwill	$	26,626	$	14,227
Goodwill acquired during the period	—		12,399
Accumulated impairment losses	—		—
Goodwill, net as of March 31 and December 31	$	26,626	$	26,626