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BUSINESS ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of Acquired Identifiable Assets and Assumed Liabilities
The Company’s allocation of consideration exchanged to the net tangible and intangible assets acquired and liabilities assumed, net of cash acquired, in the Merger is as follows (in thousands):
Amount
Accounts receivable, net$96,532 
Inventories19,683 
Property and equipment, net 48,732 
Intangible assets, net 193,245 
Deferred tax assets, net of deferred tax liabilities 26,731 
Operating lease right-of-use asset 22,378 
Operating lease liability (28,897)
Accounts payable (66,668)
Other assumed liabilities, net of other acquired assets(20,663)
Total acquired identifiable assets and liabilities291,073 
Goodwill 796,141 
Total consideration transferred$1,087,214 
The following is a preliminary estimate of the allocation of the consideration transferred, open for accounts receivable and accounts payable, to acquired identifiable assets and assumed liabilities, net of cash acquired, as of December 31, 2021 (in thousands):
Amount
Accounts receivable$2,219 
Intangible assets25,400 
Accounts payable and other assumed liabilities(539)
Fair value identifiable assets and liabilities 27,080 
Goodwill (1)32,524 
Cash acquired1,426 
Purchase Price61,030 
Less: cash acquired(1,426)
Purchase price, net of cash acquired59,604 
(1) Goodwill is attributable to cost synergies from operational efficiencies and establishing a more comprehensive clinical platform through the Company’s national infrastructure and Infinity’s nursing network.
The following is a preliminary estimate of the allocation of the consideration transferred, open for accounts receivable and accounts payable, to acquired identifiable assets and assumed liabilities, as of December 31, 2021 (in thousands):
Amount
Accounts receivable$3,410 
Inventories2,038 
Intangible assets4,245 
Other assets958 
Accounts payable(6,686)
Other assumed liabilities(940)
Fair value Identifiable assets and liabilities3,025 
Goodwill (1)16,430 
Purchase Price19,455 
(1) Goodwill is attributable to cost synergies from procurement and operational efficiencies and elimination of duplicative administrative costs.
Schedule of Pro Forma Financial Information Assuming BioScrip had been acquired as of January 1, 2019, and the results of BioScrip had been included in operations beginning on January 1, 2019, the following tables provide estimated unaudited pro forma results of operations for the year ended December 31, 2019 (in thousands). The estimated pro forma net income adjusts for the effect of fair value adjustments related to the Merger, transaction costs and other non-recurring costs directly attributable to the Merger and the impact of the additional debt to finance the Merger.
2019
Net revenue$2,755,361 
Net loss(49,566)
Schedule of Purchase Price Allocated to Assets Acquired The purchase price was allocated to the assets acquired as follows:
Amount
Inventories$601 
Intangible assets, net$18,251 
    Total consideration transferred$18,852