XML 25 R14.htm IDEA: XBRL DOCUMENT v3.24.3
BUSINESS ACQUISITIONS
9 Months Ended
Sep. 30, 2024
Business Combinations [Abstract]  
Business Combination Disclosure [Text Block] BUSINESS ACQUISITIONS AND DISPOSITIONS
During the nine months ended September 30, 2024, the Company acquired several businesses and related assets for cash of approximately $751.2. These acquisitions consisted of the clinical and outreach businesses of Baystate Medical Center ($120.2), Providence Medical Foundation ($54.9), and Westpac Labs, Inc. ($97.7), and selected assets of the Invitae
Corporation ($240.8) and BioReference Health (237.6). The preliminary purchase considerations for these acquisitions were allocated under the acquisition method of accounting to the estimated fair market value of the net assets acquired, including approximately $393.6 in identifiable intangible assets. A residual amount of tax deductible goodwill of approximately $349.5 was recorded as of September 30, 2024. The amortization period for non-compete agreements and customer list assets acquired from these businesses are 5 and 15 years, respectively. The purchase price allocations for the Invitae and BioReference Health acquisitions have not been finalized as of September 30, 2024. The preliminary valuation of acquired assets and assumed liabilities, include the following: