Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets, Net

As of March 31, 2023, 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	$	(8,509)	$	10,891
Trade names	10 years	6,650		(2,105)		4,545
Clinical contracts and noncompete agreements	8 years	3,025		(1,233)		1,792
Total intangible assets		$	29,075	$	(11,847)	$	17,228

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 noncompete agreements	8 years	3,025		(1,139)		1,886
Total intangible assets		$	29,075	$	(11,118)	$	17,957

Summary of Estimated Aggregate Amortization Expense

The estimated aggregate amortization expense for each of the five succeeding fiscal years as of March 31, 2023 is as follows:

(in thousands)	Amount
Year ending December 31:
2023 (remaining nine months)	$	2,184
2024	2,913
2025	2,909
2026	2,884
2027	2,757
Thereafter	3,581
Total	$	17,228

Summary of Goodwill and Changes in the Carrying Amount of Goodwill

The goodwill allocated to each of the reporting units as of March 31, 2023 and December 31, 2022 is as follows:

(in thousands)	March 31, 2023		December 31, 2022
Patient services	$	—	$	16,235
Dispensary	4,551		4,551
Clinical trials & other	—		632
Total goodwill	$	4,551	$	21,418

The changes in the carrying amount of goodwill for the three months ended March 31, 2023 and for the year ended December 31, 2022 are as follows:

(in thousands)	March 31, 2023		December 31, 2022
Balance as of January 1:
Gross goodwill	$	21,418	$	26,626
Goodwill acquired	—		4,736
Goodwill impairment charges (see Note 2 and Note 7)	(16,867)		(9,944)
Goodwill, net as of December 31	$	4,551	$	21,418