Business Combinations (Tables)

12 Months Ended

Mar. 31, 2022


	(Unaudited) ‎Year Ended March 31,
	2021⁽¹⁾	2020		2019
Total revenue	n/a	$	3,290,734	$	3,133,907
Net income (loss)	n/a	$	(228,234)	$	(128,889)
Net income (loss) per share, basic and diluted	n/a	$	(0.75)	$	(0.43)

⁽¹⁾Pro forma information is not applicable as the Joint Venture’s results are fully consolidated for the year ended March 31, 2021.


	eRx
Cash paid at closing	$	249,359
Fair value of eRx purchase option		140,500
Fair value of vested stock appreciation rights		5,097
Cash paid for canceled eRx equity awards		5,891
Total Consideration Fair Value at Acquisition Date	$	400,847

Allocation of the Consideration Transferred:
Cash	$	54,108
Accounts receivable		12,747
Prepaid expenses and other current assets		609
Goodwill		225,156
Identifiable intangible assets:
Customer relationships (life 17 years)		131,200
Technology-based intangible assets (life 9-12 years)		29,700
Other noncurrent assets		20
Accounts payable		(2,543)
Accrued expenses and other current liabilities		(10,933)
Deferred income tax liabilities		(39,217)
Total consideration transferred	$	400,847


	PDX
Cash	$	755
Accounts receivable		5,739
Prepaid expenses and other current assets		2,251
Property and equipment		840
Goodwill		98,830
Identifiable intangible assets:
Customer relationships (life 18 years)		74,300
Technology-based intangible assets (life 10-11 years)		25,300
Other noncurrent assets		690
Accounts payable		(3,882)
Deferred revenue, current		(2,946)
Accrued expenses and other current liabilities		(3,364)
Other long-term liabilities		(222)
Total consideration transferred	$	198,291


Net assets acquired:	Amount
Cash	$	330,665
Accounts receivable, net of allowance of $22,059		718,895
Contract assets		132,704
Prepaid expenses and other current assets		115,436
Investment in business purchase option		146,500
Property and equipment, net		206,751
Goodwill		4,363,282
Other noncurrent assets		169,539
Identified intangible assets:
Customer relationships (life 12-16 years)		3,056,000
Tradenames (life 18 years)		146,000
Technology-based intangible assets (life 6-12 years)		1,188,000
Accounts payable		(60,637)
Accrued expenses		(563,791)
Deferred revenue, current		(292,528)
Current portion of long-term debt		(28,969)
Other current liabilities		(22,732)
Long-term debt, excluding current portion		(4,713,565)
Deferred income tax liabilities		(576,546)
Tax receivable agreement obligations due to related parties		(176,586)
Other long-term liabilities		(102,675)
Net assets acquired	$	4,035,743

Summary of purchase consideration:
Fair value of shares issued to SpinCo shareholders
(175,995,192 shares at $12.47 per share):
Common Stock, $0.001 par value	$	176
Additional paid-in capital		2,194,484
Fair value of Joint Venture equity interest previously held		1,589,040
Fair value of Joint Venture equity interest previously held through TEUs		216,764
Settlement of dividend receivable		42,778
Repayment of advances to member		(7,499)
Purchase consideration	$	4,035,743