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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2024
Business Combinations [Abstract]  
Summary of Preliminary Allocation of Purchase Price

The following table summarizes the allocation of the purchase price over the estimated fair value of the assets acquired and liabilities assumed in the acquisition of Physio-Assist:

Cash

 

$

2,617

 

Accounts receivable

 

 

184

 

Inventories

 

 

296

 

Other assets

 

 

325

 

Property and equipment

 

 

82

 

Operating lease right-of-use asset

 

 

306

 

Intangible assets

 

 

34,100

 

Goodwill

 

 

9,755

 

Total assets acquired

 

$

47,665

 

 

 

 

 

Accounts payable and accrued expenses

 

$

1,108

 

Bank loans

 

 

1,922

 

Other current liabilities

 

 

376

 

Operating lease liability

 

 

306

 

Deferred tax liability - noncurrent

 

 

8,525

 

Total liabilities assumed

 

 

12,237

 

Total identifiable net assets

 

$

35,428

 

 

 

 

 

Cash consideration

 

$

32,250

 

Fair value of contingent earnout consideration

 

 

3,178

 

Total purchase price

 

$

35,428

 

Summary of Unaudited Pro Forma Information The following unaudited pro forma information for the three and nine months ended September 30, 2023 presents total revenue and net loss assuming the acquisition of Physio-Assist had occurred as of January 1, 2023.

 

 

Three months ended

 

 

Nine months ended

 

 

 

September 30, 2023

 

 

September 30, 2023

 

Total revenue

 

$

84,680

 

 

$

242,060

 

Net loss

 

$

(45,321

)

 

$

(77,266

)