Business Acquisitions (Tables)

6 Months Ended

Jun. 30, 2021

Business Acquisition [Line Items]

Summary of Company's Assets and Liabilities and Reconciliation of Cash Paid for Net Assets Acquired

The net effect of acquisitions to the Company’s assets and liabilities and reconciliation of cash paid for net assets acquired for the six months ended June 30, 2021 and 2020, including amounts related to acquisitions not disclosed above, was as follows:

	Six Months Ended June 30,
(in thousands)	2021		2020
Assets Acquired
Accounts receivable	$	185	$	486
Other assets		2,601		433
Property and equipment		2,128		4,012
Goodwill		311,963		89,976
Intangibles		372,210		162,536
Total assets acquired		689,087		257,443
Liabilities Assumed
Due to sellers		295		16,288
Contingent consideration		9,600		—
Other liabilities		1,616		1,530
Total liabilities assumed		11,511		17,818
Net Assets Acquired		677,576		239,625
Issuance of Parent equity in connection with acquisitions		60,000		34,300
Acquisitions of subsidiaries, including non-compete intangibles, net of cash acquired	$	617,576	$	205,325

Summary of Pro Forma Information of the Combined Results of Operations

The following unaudited pro forma financial information summarizes the combined results of operations for the Company and its acquisitions of University and HP, as if the companies were combined as of January 1, 2020:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2021		2020		2021		2020
Revenue	$	446,873	$	281,597	$	815,143	$	582,482
Net income (loss)	$	15,940	$	7,821	$	22,096	$	21,073

University Health Care and Its Affiliates

Business Acquisition [Line Items]

Summary of Allocation of the Purchase Price

The following table provides the allocation of the purchase price:

(in thousands)
Accounts receivable, net of unpaid service provider costs	$	2,217
Inventory		264
Property and equipment, net		1,636
Payor relationships		175,172
Non-compete intangibles		45,191
Other acquired intangibles		113,237
Other assets		116
Goodwill		273,427
Accounts payable and accrued expenses		(140	)
Total purchase price, including non-compete intangibles	$	611,120

HP Enterprises II LLC and Related Entities

Business Acquisition [Line Items]

Summary of Allocation of the Purchase Price

The following table provides the allocation of the purchase price:

(in thousands)
Property and equipment	$	2,409
Non-compete intangibles		1,022
Acquired intangibles		117,014
Goodwill		74,852
Other assets		87
Total purchase price, including non-compete intangibles	$	195,384

Primary Care Physicians and Related Entities

Business Acquisition [Line Items]

Summary of Allocation of the Purchase Price

The following table provides the allocation of the purchase price:

(in thousands)
Cash and cash equivalents	$	191
Accounts receivable		486
Inventory		155
Property and equipment		1,518
Non-compete intangibles		846
Acquired intangibles		43,549
Goodwill		13,738
Accounts payable		(274	)
Total purchase price, including non-compete intangibles	$	60,209