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ACQUISITIONS OF BUSINESSES (Tables)
3 Months Ended
Mar. 31, 2023
ACQUISITIONS OF BUSINESSES [Abstract]  
Purchase Price Allocation
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