Subsequent Events

12 Months Ended

Dec. 31, 2016

Subsequent Events [Abstract]

Subsequent Events

17. Subsequent Events

Subsequent to December 31, 2016, we acquired 10 hospitals for $60.0 million cash, with acquired annual revenues of $37.0 million.  In connection with two of the hospital acquisitions, we purchased real estate for $2.6 million cash.

On January 9, 2017, Mars, Incorporated ("Mars") and VCA Inc. ("VCA") announced that an agreement was entered into under which Mars will acquire all of the outstanding shares of VCA for $93 per share, or a total value of approximately $9.1 billion including $1.4 billion in outstanding debt. VCA will operate as a distinct and separate business unit within Mars Petcare. The transaction is subject to certain customary closing conditions, including, among other things, VCA shareholder approval and customary regulatory approvals. Mars has committed financing for the purchase of VCA. We expect the transaction to close in Q3 2017.