The purchase price for the 2023
acquisition has been preliminarily allocated as follows (in thousands):
|
|
Physical Therapy
|
|
|
|
Operations
|
|
Cash paid, net of cash acquired
|
|
$
|
5,796
|
|
Seller note
|
|
|
360
|
|
Total consideration
|
|
$
|
6,156
|
|
|
|
|
|
|
Estimated fair value of net tangible assets acquired:
|
|
|
|
|
Total current assets
|
|
$
|
168
|
|
Total non-current assets
|
|
|
1,062
|
|
Total liabilities
|
|
|
(1,012
|
)
|
Net tangible assets acquired
|
|
|
218
|
|
Customer and referral relationships
|
|
|
1,586
|
|
Non-compete agreement
|
|
|
76
|
|
Tradenames
|
|
|
391
|
|
Goodwill
|
|
|
5,424
|
|
Fair value of non-controlling interest (classified as redeemable non-controlling interest)
|
|
|
(1,539
|
)
|
|
|
$
|
6,156
|
|
The
purchase prices for the 2022 acquisitions have been preliminarily allocated as follows (in thousands):
|
|
Physical Therapy
|
|
|
|
Operations
|
|
Cash paid, net of cash acquired
|
|
$
|
59,788
|
|
Seller notes
|
|
|
1,574
|
|
Contingent payments
|
|
|
10,000
|
|
Total consideration
|
|
$
|
71,362
|
|
|
|
|
|
|
Estimated fair value of net tangible assets acquired:
|
|
|
|
|
Total current assets
|
|
$
|
1,558
|
|
Total non-current assets
|
|
|
7,619
|
|
Total liabilities
|
|
|
(9,865
|
)
|
Net tangible assets acquired
|
|
|
(688
|
)
|
Customer and referral relationships
|
|
|
18,955
|
|
Non-compete agreements
|
|
|
983
|
|
Tradenames
|
|
|
4,417
|
|
Goodwill
|
|
|
74,496
|
|
Fair value of non-controlling interest (classified as redeemable non-controlling interest)
|
|
|
(26,801
|
)
|
|
|
$
|
71,362
|
|
|