Acquisitions (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of the Preliminary Allocation of the Fair Value of Assets Acquired and Liabilities Assumed in Acquisition

The following table summarizes the consideration for the Carpathia acquisition and the preliminary allocation of the fair value of assets acquired and liabilities assumed at the acquisition date (in thousands). This allocation is subject to change pending the final valuation of these assets and liabilities:


	June 16, 2015
Land	$ 1,130
Buildings and improvements	79,372
Construction in process	12,127
Acquired intangibles, net	89,847
Net working capital	2,569
Total identifiable assets acquired	185,045

Capital lease and lease financing obligations	43,832
Deferred income taxes	19,766
Total liabilities assumed	63,598

Net identifiable assets acquired	121,447
Goodwill	173,237
Net assets acquired	$ 294,684

Pro Forma Consolidated Statements of Operations Including Acquisition

The following table represents the pro forma condensed consolidated statements of operations for the three-month periods ended June 30, 2015 and 2014, and for the six-month periods ended June 30, 2015 and 2014 (in thousands):


	(Unaudited) Pro Forma Condensed Consolidated Statements of Operations
	Three Months Ended June 30,		Six Months Ended June 30,
	2015	2014	2015	2014
Revenue	$ 90,984	$ 75,493	$ 174,309	$ 147,877
Net income	$ 9,363	$ 4,804	$ 16,500	$ 8,766

Consideration for the New Jersey Facility and the Preliminary Allocation of the Fair Value of Assets Acquired

In June 2015, the Company finalized the Princeton facility purchase price allocation. The following table summarizes the consideration for the Princeton facility and the final valuation of the fair value of assets acquired as of June 30, 2015 (in thousands):



	Princeton facility	Weighted average useful life
Buildings	$ 32,126	40
Land	20,700	N/A
Acquired intangibles	30,634	13
Deferred costs	3,290	10
Other assets	297	10
Intangible liabilities	(13,747)	17
Total purchase price	$ 73,300