3.Acquisition

On May 18, 2015, we completed the acquisition of certain assets of a mobile laser surgical services provider for total consideration of approximately $3.1 million. The results of the acquiree’s operations have been included in the consolidated financial statements since that date. The consideration consists of $2.6 million of cash paid at closing and $0.5 million holdback expected to be paid in the first quarter of 2016 based on achieving a certain revenue target.

The following summarizes the fair values of assets acquired and liabilities assumed at the date of acquisition within our consolidated balance sheet:


(in thousands)
Property and equipment	$	620
Goodwill		1,018
Intangible assets		1,475
Accrued compensation		(13)
Total purchase price	$	3,100

The acquisition was funded from our existing senior secured credit facility.