Annual report pursuant to Section 13 and 15(d)

Acquisitions and Joint Venture Activities (Tables)

v3.19.3.a.u2
Acquisitions and Joint Venture Activities (Tables)
12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the aggregate consideration paid for the acquisitions and the amounts of the assets acquired and liabilities assumed at the acquisition dates, as well as their provisional fair value at the acquisition dates and the noncontrolling interest acquired during the twelve months ended December 31, 2019:
Consideration
 
 
Cash
 
$
57,930

Fair value of total consideration transferred
 
 
Recognized amounts of identifiable assets acquired and liabilities assumed
 
 
Trade name
 
7,403

Certificates of need/licenses
 
7,998

Other assets and (liabilities), net
 
(2,835
)
Total identifiable assets
 
12,566

Noncontrolling interest
 
10,478

Goodwill, including noncontrolling interest of $7,390
 
$
55,842


The Company was determined to be the accounting acquirer in the Merger. The Company's final valuation analysis of identifiable assets and liabilities assumed for the Merger in accordance with the requirements of ASC Topic 805, Business Combinations, are presented in the table below (amounts in thousands):
Merger consideration
 
 
Stock
 
$
795,412

Fair value of total consideration transferred
 
 
Recognized amounts of identifiable assets acquired and liabilities assumed:
 
 
Cash and cash equivalents
 
16,547

Patient accounts receivable
 
88,234

Prepaid income taxes
 
47

Prepaid expenses and other current assets
 
11,490

Property and equipment
 
11,144

Trade names
 
76,090

Certificates of need/licenses
 
76,505

Customer relationships
 
13,970

Assets held for sale
 
2,500

Deferred income taxes
 
4,821

Accounts payable
 
(43,027
)
Accrued other liabilities
 
(57,243
)
Seller notes payable
 
(12,145
)
NCI - Redeemable
 
(8,034
)
Long term income taxes payable
 
(3,786
)
Line of credit
 
(106,800
)
NCI - Nonredeemable
 
(36,609
)
Other assets and (liabilities), net
 
(178
)

Total identifiable assets and liabilities
 
33,526

Goodwill
 
$
761,886