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Acquisitions of Businesses (Tables)
12 Months Ended
Dec. 31, 2019
Acquisitions of Businesses [Abstract]  
Clinic Acquisition
Acquisition
Date
 
% Interest
Acquired
  
Number of
Clinics
 
        

2019      
September 2019 Acquisition
September 30, 2019
  
67
%
  
11
 
          

2018        
August 2018 Acquisition
August 31
  
70
%
  
4
 
          

2017        
January 2017 Acquisition
January 1
  
70
%
  
17
 
May 2017 Acquisition
May 31
  
70
%
  
4
 
June 2017 Acquisition
June 30
  
60
%
  
9
 
October 2017 Acquisition
October 31
  
70
%
  
9
 
Preliminary Purchase Prices Allocation
The purchase price for the 2019 acquisitions has been preliminarily allocated as follows (in thousands):

  
IIPS*
  
Clinic Practice
  
Total
 
Cash paid, net of cash acquired ($900)
 
$
18,427
  
$
12,170
  
$
30,597
 
Payable to shareholders of seller
  
486
   
-
   
486
 
Seller note
  
4,000
   
300
   
4,300
 
Total consideration
 
$
22,913
  
$
12,470
  
$
35,383
 
             
Estimated fair value of net tangible assets acquired:
            
Total current assets
 
$
1,907
  
$
697
  
$
2,604
 
Total non-current assets
  
611
   
3,028
   
3,639
 
Total liabilities
  
(1,504
)
  
(2,846
)
  
(4,350
)
Net tangible assets acquired
 
$
1,014
  
$
879
  
$
1,893
 
Referral relationships
  
1,500
   
1,500
   
3,000
 
Non-compete
  
590
   
700
   
1,290
 
Tradename
  
2,500
   
1,600
   
4,100
 
Goodwill
  
17,309
   
14,021
   
31,330
 
Fair value of non-controlling interest (classified as redeemable non-controlling interests)
  
-
   
(6,230
)
  
(6,230
)
  
$
22,913
  
$
12,470
  
$
35,383
 

* Industrial injury prevention services
 
The purchase price for the 2018 acquisitions were allocated as follows (in thousands):

Cash paid, net of cash acquired ($372)
 
$
16,367
 
Seller notes
  
950
 
Total consideration
 
$
17,317
 
     
Estimated fair value of net tangible assets acquired:
    
Total current assets
 
$
1,633
 
Total non-current assets
  
305
 
Total liabilities
  
(525
)
Net tangible assets acquired
 
$
1,413
 
Referral relationships
  
2,926
 
Non-compete
  
298
 
Tradename
  
990
 
Goodwill
  
19,835
 
Fair value of non-controlling interest (classified as redeemable non-controlling interests)
  
(8,145
)
  
$
17,317
 
 
The purchase price for the 2017 acquisitions were allocated as follows (in thousands):

Cash paid, net of cash acquired ($2,297)
 
$
36,682
 
Seller notes
  
2,150
 
Total consideration
 
$
38,832
 
Estimated fair value of net tangible assets acquired:
    
Total current assets
 
$
5,853
 
Total non-current assets
  
1,527
 
Total liabilities
  
(2,865
)
Net tangible assets acquired
 
$
4,515
 
Referral relationships
  
4,250
 
Non-compete
  
660
 
Tradename
  
6,850
 
Goodwill
  
46,722
 
Fair value of non-controlling interest (classified as redeemable non-controlling interests)
  
(13,883
)
Fair value of non-controlling interest (originally classified as mandatorily redeemable non-controlling interests)
  
(10,282
)
  
$
38,832