Business Combinations

12 Months Ended

Dec. 31, 2025

Business Combination [Abstract]

Business Combinations

6. Business Combinations:

During the year ended December 31, 2025, we completed two acquisitions. We acquired one maternal-fetal medicine practice and acquired several neonatology, maternal-fetal medicine and OB hospitalist practices in one transaction. The purchase price for these acquisitions was $24.5 million, of which $23.2 million was paid in cash at closing and $1.3 million was recorded as a contingent consideration liability. The acquisitions expanded the Company’s national network of physician practices across women’s and children’s services. In connection with these acquisitions, the Company recorded tax deductible goodwill of $18.1 million, intangible assets consisting of physician and hospital agreements of $6.1 million, operating lease right-of-use assets of $2.7 million, other assets of $0.3 million and operating lease liabilities of $2.7 million. In addition, during 2025, the Company paid $3.5 million for contingent consideration related to a prior period acquisition.

During the year ended December 31, 2024, the Company completed the acquisition of one maternal-fetal medicine practice for total consideration of $9.7 million, of which $6.5 million was paid in cash at closing and $3.2 million was recorded as a contingent consideration liability. The acquisition expanded the Company’s national network of physician practices across women’s and children’s services. In connection with this acquisition, the Company recorded tax deductible goodwill of $9.1 million, fixed assets of $0.4 million and other intangible assets consisting primarily of physician and hospital agreements of $0.2 million.