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BUSINESS COMBINATIONS | 6 Months Ended
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Jun. 30, 2018
BUSINESS COMBINATIONS |
5. | BUSINESS COMBINATIONS
Effective January 1, 2018, CoreCivic closed on the acquisition of Rocky Mountain Offender Management Systems, LLC ("RMOMS"), which provides non-residential correctional alternatives, including electronic monitoring and case management services, to municipal, county, and state governments in seven states. The aggregate purchase price was $7.0 million, excluding transaction-related expenses. In allocating the purchase price for the transaction, CoreCivic recorded the following (in millions):
Property and equipment |  | $ | 0.8 |
Intangible assets |  |  | 3.1 |
Total identifiable assets and liabilities |  |  | 3.9 |
Goodwill |  |  | 3.1 |
Total consideration |  | $ | 7.0 |
Several factors gave rise to the goodwill recorded in the acquisition of RMOMS, such as the expected benefit from synergies of the business combination that continues to broaden the scope of solutions CoreCivic provides. The results of operations for this business combination have been included in the Company's consolidated financial statements from the date of the acquisition.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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