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Business Combinations (Tables) | 6 Months Ended
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Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Assets Acquired and Liabilities Assumed at the Acquisition Date | The preliminary fair value of the assets acquired and liabilities assumed at the acquisition date were as follows (in millions):
Cash and cash equivalents | $ | 0.7 |
Accounts receivable, net | 1.6 |
Operating lease right-of-use-assets | 0.3 |
Identifiable intangible assets: |
Noncompete agreement (useful life of 5 years) | 0.2 |
Trade name (useful life of 6 months) | 0.1 |
Licenses (useful lives of 10 years) | 0.9 |
Internal-use software (useful life of 3 years) | 0.1 |
Goodwill | 28.7 |
Total assets acquired | 32.6 |
Liabilities assumed: |
Current operating lease liabilities | 0.1 |
Accounts payable | 0.1 |
Accrued payroll | 0.2 |
Other current liabilities | 0.2 |
Long-term operating lease liabilities | 0.2 |
Total liabilities assumed | 0.8 |
Noncontrolling interests | 15.9 |
Net assets acquired | $ | 15.9 |
Schedule of Business Acquisitions, by Acquisition | Information regarding the cash paid for the acquisition during each period presented is as follows (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Fair value of assets acquired | $ | — |  |  | $ | 11.9 |  |  | $ | 3.9 |  |  | $ | 11.9 |
Goodwill | — |  |  | 90.1 |  |  | 28.7 |  |  | 90.1 |
Fair value of liabilities assumed | — |  |  | (2.7) |  |  | (0.8) |  |  | (2.7) |
Fair value of noncontrolling interest owned by joint venture partner | — |  |  | (1.6) |  |  | (15.9) |  |  | (1.6) |
Cash paid for acquisition(1) | $ | — |  |  | $ | 97.7 |  |  | $ | 15.9 |  |  | $ | 97.7 |
———————— (1) As discussed above, the $15.9 million was paid on December 31, 2021; therefore, this amount is not included in the condensed consolidated statement of cash flows for the six months ended June 30, 2022.
Schedule of Actual and Pro Forma Results of Operations for Acquisitions | The following table summarizes the results of operations of the above mentioned acquisition from the date of acquisition included in our consolidated results of operations and the unaudited pro forma results of operations of the combined entity had the date of the acquisition been January 1, 2021 (in millions):
| Net Operating Revenues |  | Net (Loss) Income Attributable to Encompass Health
Acquired entities only: Actual from acquisition date to June 30, 2022 |  |  |
Home Health and Hospice | $ | 3.1 |  |  | $ | (0.1) |
Combined entity: Supplemental pro forma from 04/01/2022-06/30/2022 | 1,330.5 |  |  | 48.7 |
Combined entity: Supplemental pro forma from 04/01/2021-06/30/2021 | 1,289.7 |  |  | 113.3 |
Combined entity: Supplemental pro forma from 01/01/2022-06/30/2022 | 2,664.1 |  |  | 136.2 |
Combined entity: Supplemental pro forma from 01/01/2021-06/30/2021 | 2,522.4 |  |  | 220.8 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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