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Dispositions and acquisitions | 9 Months Ended
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Sep. 30, 2014
Dispositions and acquisitions | (8) Dispositions and acquisitions Nine-month periods ended September 30, 2014 and 2013: Acquisitions: During the first nine months of 2014, we spent $402 million to: (i) acquire the stock of Cygnet Health Care Limited which consists of 18 facilities located throughout the United Kingdom including 16 inpatient behavioral health hospitals and 2 nursing homes with a total of 734 beds (during the third quarter); (ii) acquire and fund the required capital reserves related to a commercial health insurer headquartered in Reno, Nevada (during the second quarter); (iii) acquire the Psychiatric Institute of Washington (“PIW”), a 124-bed behavioral health care facility and outpatient treatment center located in Washington, D.C. (during the second quarter), and; (iv) acquire the operations of Palo Verde Behavioral Health, a 48-bed behavioral health facility in Tucson, Arizona. As part of the acquisition of PIW, we also acquired the Arbor Group, L.L.C., which operates three management contracts covering 66 beds in the Washington, D.C. and Maryland market. The aggregate net purchase price of these acquisitions was allocated to the assets and liabilities based on their preliminary estimated fair values as follows:
|  | Amount (000s) |
Working capital, net (a) |  | ($ | 41,547 | )
Property & equipment |  |  | 149,914 |
Goodwill |  |  | 246,606 |
Other assets |  |  | 58,835 |
Income tax assets, net |  |  | 4,019 |
Debt |  |  | (16,286 | )
Other |  |  | 864 |
Cash paid during first nine months of 2014 |  | $ | 402,405 |
(a) | Includes liability for incurred but unpaid medical claims at date of acquisition of commercial health insurer.
During the first nine months of 2013, we spent approximately $1 million in connection with the acquisition of real property located in Pennsylvania. Divestitures: During the first nine months of 2014, we received approximately $15 million of cash proceeds for the divestiture of a non-operating investment sold during the first quarter of 2014 and the real property of a closed behavioral health facility sold during the second quarter of 2014. In connection with these transactions, our consolidated results of operations included a pre-tax loss of $2 million recorded during the three-month period ended September 30, 2014, and a net pre-tax gain of $8 million recorded during the nine-month period ended September 30, 2014. During the first nine months of 2013, we received aggregate cash proceeds of approximately $37 million for the divestiture of: (i) Peak Behavioral Health Services (“Peak”), a 104-bed behavioral health care facility located in Santa Teresa, New Mexico (sold during the second quarter of 2013); (ii) the real property of five previously closed behavioral health care facilities and an outpatient surgery center, and; (iii) our ownership interest in an outpatient surgery center. In connection with the receipt of antitrust clearance from the Federal Trade Commission in connection with our acquisition of Ascend Health Corporation in October of 2012, we agreed to divest Peak. The pre-tax net gain on these divestitures did not have a material impact on our consolidated results of operations during the nine-month period ended September 30, 2013.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References No definition available. + Details
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