| Schedule of Goodwill and Other Intangibles |
The following table summarizes changes in goodwill and other intangibles assets by segment during the twelve months ended December 31, 2020 and 2019 (amounts in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Home Health |
|
Hospice |
|
Home and community-
based
|
|
Facility-based |
|
HCI |
|
Total |
|
| Goodwill |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of December 31, 2018 |
|
$ |
822,602 |
|
|
$ |
118,583 |
|
|
$ |
165,583 |
|
|
$ |
14,194 |
|
|
$ |
40,755 |
|
|
$ |
1,161,717 |
|
|
| Acquisitions |
|
40,237 |
|
|
6,726 |
|
|
551 |
|
|
938 |
|
|
— |
|
|
48,452 |
|
|
| Noncontrolling interests |
|
4,489 |
|
|
2,351 |
|
|
— |
|
|
550 |
|
|
— |
|
|
7,390 |
|
|
| Adjustments and disposals |
|
596 |
|
|
1,215 |
|
|
495 |
|
|
— |
|
|
107 |
|
|
2,413 |
|
|
| Balance as of December 31, 2019 |
|
$ |
867,924 |
|
|
$ |
128,875 |
|
|
$ |
166,629 |
|
|
$ |
15,682 |
|
|
$ |
40,862 |
|
|
$ |
1,219,972 |
|
|
| Acquisitions |
|
12,025 |
|
|
21,025 |
|
|
134 |
|
|
88 |
|
|
— |
|
|
33,272 |
|
|
| Noncontrolling interests |
|
4,695 |
|
|
2,122 |
|
|
10 |
|
|
— |
|
|
— |
|
|
6,827 |
|
|
| Adjustments and disposals |
|
(644) |
|
|
(280) |
|
|
— |
|
|
— |
|
|
— |
|
|
(924) |
|
|
| Balance as of December 31, 2020 |
|
$ |
884,000 |
|
|
$ |
151,742 |
|
|
$ |
166,773 |
|
|
$ |
15,770 |
|
|
$ |
40,862 |
|
|
$ |
1,259,147 |
|
|
| Intangibles Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of December 31, 2018 |
|
$ |
215,382 |
|
|
$ |
37,010 |
|
|
$ |
23,948 |
|
|
$ |
4,147 |
|
|
$ |
16,892 |
|
|
$ |
297,379 |
|
|
| Acquisitions |
|
12,537 |
|
|
2,452 |
|
|
154 |
|
|
1,202 |
|
|
— |
|
|
16,345 |
|
|
| Amortization |
|
(436) |
|
|
(154) |
|
|
(4) |
|
|
(32) |
|
|
(629) |
|
|
(1,255) |
|
|
| Adjustments and disposals |
|
(7,611) |
|
|
1,282 |
|
|
(2) |
|
|
— |
|
|
(582) |
|
|
(6,913) |
|
|
| Balance as of December 31, 2019 |
|
$ |
219,872 |
|
|
$ |
40,590 |
|
|
$ |
24,096 |
|
|
$ |
5,317 |
|
|
$ |
15,681 |
|
|
$ |
305,556 |
|
|
| Acquisitions |
|
7,193 |
|
|
4,212 |
|
|
127 |
|
|
— |
|
|
— |
|
|
11,532 |
|
|
| Amortization |
|
(556) |
|
|
(70) |
|
|
(15) |
|
|
(6) |
|
|
(581) |
|
|
(1,228) |
|
|
| Adjustments and disposals |
|
(505) |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(505) |
|
|
| Balance as of December 31, 2020 |
|
$ |
226,004 |
|
|
$ |
44,732 |
|
|
$ |
24,208 |
|
|
$ |
5,311 |
|
|
$ |
15,100 |
|
|
$ |
315,355 |
|
|
|
| Schedule of Acquired Finite and Indefinite Lived Intangible Assets by Major Class Table |
The following tables summarize the changes in intangible assets during the twelve months ended December 31, 2020 and 2019 (amounts in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
|
2019 |
| Indefinite-lived intangible assets: |
|
|
|
|
| Trade Names |
|
$ |
168,700 |
|
|
$ |
163,499 |
|
| Certificates of Need/Licenses |
|
135,013 |
|
|
129,689 |
|
| Net total |
|
$ |
303,713 |
|
|
$ |
293,188 |
|
|
|
|
|
|
| Definite-lived intangible assets: |
|
|
|
|
| Trade Names |
|
|
|
|
| Gross carrying amount |
|
$ |
10,212 |
|
|
$ |
10,182 |
|
| Accumulated amortization |
|
(9,480) |
|
|
(9,229) |
|
| Net total |
|
$ |
732 |
|
|
$ |
953 |
|
| Non-compete agreements |
|
|
|
|
| Gross carrying amount |
|
$ |
7,267 |
|
|
$ |
6,795 |
|
| Accumulated amortization |
|
(6,387) |
|
|
(5,991) |
|
| Net total |
|
$ |
880 |
|
|
$ |
804 |
|
| Customer relationships |
|
|
|
|
| Gross carrying amount |
|
$ |
11,822 |
|
|
$ |
11,822 |
|
| Accumulated amortization |
|
(1,792) |
|
|
(1,211) |
|
| Net total |
|
$ |
10,030 |
|
|
$ |
10,611 |
|
| Total definite-lived intangible assets |
|
|
|
|
| Gross carrying amount |
|
$ |
29,301 |
|
|
$ |
28,799 |
|
| Accumulated amortization |
|
(17,659) |
|
|
(16,431) |
|
| Net total |
|
$ |
11,642 |
|
|
$ |
12,368 |
|
|
|
|
|
|
| Total intangible assets: |
|
|
|
|
| Gross carrying amount |
|
$ |
333,014 |
|
|
$ |
321,987 |
|
| Accumulated amortization |
|
(17,659) |
|
|
(16,431) |
|
| Net total |
|
$ |
315,355 |
|
|
$ |
305,556 |
|
|