Acquisitions (Tables)
|
6 Months Ended |
Jun. 30, 2019 |
VIP Health Care Services [Member] |
|
Business Acquisition [Line Items] |
|
Schedule of Purchase Price Allocation |
Based upon management’s valuation, which is preliminary and subject to completion of working capital adjustments, the total purchase price has been allocated as follows:
|
|
Total
(Amounts in
Thousands) |
|
Goodwill |
|
$ |
10,374 |
|
Identifiable intangible assets |
|
|
15,370 |
|
Cash |
|
|
110 |
|
Accounts receivable |
|
|
5,986 |
|
Other assets |
|
|
2,308 |
|
Property and equipment |
|
|
27 |
|
Accounts payable |
|
|
(385 |
) |
Accrued expenses |
|
|
(747 |
) |
Accrued payroll |
|
|
(1,571 |
) |
Other liabilities |
|
|
(1,554 |
) |
Total purchase price allocation |
|
$ |
29,918 |
|
|
Ambercare Corporation [Member] |
|
Business Acquisition [Line Items] |
|
Schedule of Purchase Price Allocation |
Based upon management’s valuations, which are now final, the total purchase price has been allocated as follows:
|
|
Total
(Amounts in
Thousands) |
|
Goodwill |
|
$ |
28,831 |
|
Cash |
|
|
12,028 |
|
Identifiable intangible assets |
|
|
9,944 |
|
Accounts receivable |
|
|
6,512 |
|
Other assets |
|
|
442 |
|
Property and equipment |
|
|
154 |
|
Accrued expenses |
|
|
(4,073 |
) |
Deferred tax liability |
|
|
(2,138 |
) |
Financing lease |
|
|
(75 |
) |
Accounts payable |
|
|
(3 |
) |
Total purchase price allocation |
|
$ |
51,622 |
|
|
Arcadia Home Care And Staffing [Member] |
|
Business Acquisition [Line Items] |
|
Schedule of Purchase Price Allocation |
Based upon management’s valuations, which are now final, the total purchase price has been allocated as follows:
|
|
Total
(Amounts in
Thousands) |
|
Goodwill |
|
$ |
13,072 |
|
Accounts receivable |
|
|
5,317 |
|
Identifiable intangible assets |
|
|
2,264 |
|
Property and equipment |
|
|
155 |
|
Other assets |
|
|
92 |
|
Accrued expenses |
|
|
(1,540 |
) |
Accounts payable |
|
|
(508 |
) |
Total purchase price allocation |
|
$ |
18,852 |
|
|
Lifestyle Options, Inc. [Member] |
|
Business Acquisition [Line Items] |
|
Schedule of Purchase Price Allocation |
Based upon management’s valuations, which are now final, the total purchase price is final and has been allocated as follows:
|
|
Total
(Amounts in
Thousands) |
|
Goodwill |
|
$ |
2,751 |
|
Identifiable intangible assets |
|
|
1,152 |
|
Accounts receivable |
|
|
573 |
|
Other assets |
|
|
32 |
|
Property and equipment |
|
|
18 |
|
Accrued expenses |
|
|
(291 |
) |
Accounts payable |
|
|
(105 |
) |
Total purchase price allocation |
|
$ |
4,130 |
|
|
VIP, Ambercare and Arcadia [Member] |
|
Business Acquisition [Line Items] |
|
Unaudited Pro Forma Condensed Consolidated Income Statement Information |
The following table contains unaudited pro forma condensed consolidated income statement information of the Company had the acquisitions of VIP, Ambercare and Arcadia closed on January 1, 2018.
|
|
For the Three Months Ended
June 30, |
|
|
For the Six Months Ended
June 30, |
|
|
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
|
|
(Amounts in Thousands) |
|
|
(Amounts in Thousands) |
|
Net service revenues |
|
$ |
159,177 |
|
|
$ |
148,610 |
|
|
$ |
313,511 |
|
|
$ |
300,318 |
|
Operating income |
|
|
8,260 |
|
|
|
7,490 |
|
|
|
14,205 |
|
|
|
21,246 |
|
Net income |
|
|
6,091 |
|
|
|
3,259 |
|
|
|
10,597 |
|
|
|
12,974 |
|
Net income per common share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic income per share |
|
$ |
0.47 |
|
|
$ |
0.28 |
|
|
$ |
0.81 |
|
|
$ |
1.13 |
|
Diluted income per share |
|
$ |
0.45 |
|
|
$ |
0.28 |
|
|
$ |
0.79 |
|
|
$ |
1.10 |
|
|