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ACQUISITIONS (Tables)
3 Months Ended
Mar. 31, 2019
2019 Acquisition Activity, prosthetic and orthotic business  
Schedule of aggregate purchase price of acquisition allocated on a preliminary basis

 

 

 

 

 

    

For the Three Months Ended

(in thousands)

 

March 31, 2019

Cash paid, net of cash acquired

 

$

27,679

Issuance of seller notes

 

 

4,451

Additional consideration (1)

 

 

345

Aggregate purchase price

 

 

32,475

 

 

 

 

Accounts receivable, net

 

 

3,318

Inventories

 

 

1,466

Customer relationships (Useful life of 3.0 years)

 

 

1,963

Non-compete agreements (Weighted average useful life of 4.9 years)

 

 

349

Other assets

 

 

329

Accounts payable

 

 

(1,191)

Accrued expenses and other liabilities

 

 

(1,649)

Net assets acquired

 

 

4,585

Goodwill

 

$

27,890


(1)

Represents additional consideration payable to the seller in the second quarter of 2019 subject to agreement of certain tax elections with the seller.

 

2018 Acquisition Activity, two O&P businesses  
Schedule of aggregate purchase price of acquisition allocated on a preliminary basis

 

 

 

 

 

    

For The Year Ended

(in thousands)

 

December 31, 2018

Cash paid, net of cash acquired

 

$

1,978

Issuance of seller notes

 

 

1,120

Aggregate purchase price

 

 

3,098

 

 

 

 

Accounts receivable, net

 

 

256

Inventories

 

 

302

Customer relationships (Weighted average useful life of 4.0 years)

 

 

260

Non-compete agreements (Weighted average useful life of 4.6 years)

 

 

214

Other assets

 

 

90

Accounts payable

 

 

(59)

Accrued expenses and other liabilities

 

 

(364)

Net assets acquired

 

 

699

Goodwill

 

$

2,399