Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets, Net

As of December 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	$	(8,038)	$	11,362
Trade names	10 years	6,650		(1,941)		4,709
Clinical contracts and noncompetes	8 years	3,025		(1,139)		1,886
Total intangible assets		$	29,075	$	(11,118)	$	17,957

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 and noncompetes	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 December 31, 2022 is as follows:

(in thousands)	Amount
Year ending December 31:
2023	$	2,913
2024	2,913
2025	2,909
2026	2,884
2027	2,757
Thereafter	3,581
Total	$	17,957

Summary of Goodwill and Changes in the Carrying Amount of Goodwill

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

(in thousands)	December 31, 2022		December 31, 2021
Patient services	$	16,235	$	21,443
Dispensary	4,551		4,551
Clinical trials & other	632		632
Total goodwill	$	21,418	$	26,626

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

(in thousands)	December 31, 2022		December 31, 2021
Balance as of January 1:	$	26,626	$	14,227
Goodwill acquired	4,736		12,399
Goodwill impairment charges (see Note 2)	(9,944)		—
Goodwill, net as of December 31	$	21,418	$	26,626