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Business Combination (Tables)
9 Months Ended
Sep. 30, 2015
Pro forma consolidated financial information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 

 

 

Nine Months Ended September 30, 

 

 

 

 

2015

    

 

2014

 

 

2015

    

 

2014

 

Pro forma combined revenues

 

$

110,244

 

$

100,091

 

$

381,650

 

$

257,536

 

Pro forma combined net income (loss)

 

$

(5,116)

 

$

(983)

 

$

24,220

 

$

(52,043)

 

Pro forma net income (loss) per diluted share

 

$

(0.15)

 

$

(0.04)

 

$

0.69

 

$

(2.07)

 

 

CBR Acquisition Holdings Corp  
Summary of the components of the estimated purchase price

The following table summarizes the components of the estimated total purchase price for CBR, subject to finalization of the net working capital, indebtedness and other adjustments as of the CBR Acquisition Date (in thousands):

 

 

 

 

 

 

 

 

 

 

Cash consideration

 

$

700,000

 

Estimated working capital, indebtedness and other adjustments

 

 

(17,837)

 

Purchase price paid at closing

 

 

682,163

 

Plus: Estimated purchase price payable to sellers

 

 

188

 

Total purchase price

 

$

682,351

 

 

Summary of estimated fair values of the assets acquired and liabilities assumed related to the business combination

The following table summarizes the preliminary fair values assigned to the CBR assets acquired and the liabilities assumed by us along with the resulting goodwill at the CBR Acquisition Date (in thousands):

 

 

 

 

 

Accounts receivable

    

$

9,509

    

Inventories

 

 

4,443

 

Prepaid and other current assets

 

 

8,487

 

Restricted cash - short-term

 

 

30,752

 

Property, plant and equipment

 

 

29,669

 

Customer relationships

 

 

297,000

 

Trade name and trademarks

 

 

65,000

 

Favorable lease

 

 

423

 

Deferred income tax assets

 

 

4,555

 

Other long-term assets

 

 

198

 

Accounts payable

 

 

(2,853)

 

Accrued expenses

 

 

(13,575)

 

Deferred revenues

 

 

(3,100)

 

Payable to former CBR shareholders

 

 

(37,947)

 

Deferred income tax liabilities

 

 

(149,497)

 

Total estimated identifiable net assets

 

$

243,064

 

Goodwill

 

 

439,287

 

Total 

 

$

682,351

 

 

Lumara Health  
Summary of the components of the estimated purchase price

The following table summarizes the components of the total purchase price paid for Lumara Health, as adjusted for the final net working capital and other adjustments (in thousands):

 

 

 

 

 

 

 

 

 

 

Cash consideration

 

$

600,000

 

Fair value of AMAG common stock issued

 

 

111,964

 

Fair value of contingent milestone payments

 

 

205,000

 

Estimated working capital and other adjustments

 

 

821

 

Purchase price paid at closing

 

 

917,785

 

Less:

 

 

 

 

Cash received on finalization of the net working capital and other adjustments

 

 

(562)

 

Cash acquired from Lumara Health

 

 

(5,219)

 

Total purchase price

 

$

912,004

 

 

Summary of estimated fair values of the assets acquired and liabilities assumed related to the business combination

The following table summarizes the fair values assigned to assets acquired and the liabilities assumed by us along with the resulting goodwill at the Lumara Health Acquisition Date, as adjusted for certain measurement period adjustments for Lumara Health recorded during the nine months ended September 30, 2015 (in thousands):

 

 

 

 

 

 

Accounts receivable

    

$

36,852

    

Inventories

 

 

30,300

 

Prepaid and other current assets

 

 

3,322

 

Deferred income tax assets

 

 

102,355

 

Property and equipment

 

 

60

 

Makena marketed product

 

 

797,100

 

IPR&D

 

 

79,100

 

Restricted cash - long term

 

 

1,997

 

Other long-term assets

 

 

3,412

 

Accounts payable

 

 

(3,807)

 

Accrued expenses

 

 

(36,561)

 

Deferred income tax liabilities

 

 

(295,676)

 

Other long-term liabilities

 

 

(4,563)

 

Total estimated identifiable net assets

 

$

713,891

 

Goodwill

 

 

198,113

 

Total 

 

$

912,004