BUSINESS ACQUISITIONS (Tables)

9 Months Ended

Mar. 31, 2017

Schedule of Preliminary Fair Values Assigned to Net Assets Acquired and Liabilities Assumed

The preliminary fair values assigned to the net assets acquired and the liabilities assumed as of the acquisition date were as follows (in thousands):



	Acquisition Date Fair Value (Restated)
Cash paid at closing	$	227,500
Cash paid on January 10, 2017	97,500
Purchase price	325,000
Additional cash paid at closing	10,984
Adjusted purchase price	335,984
Earn-out liability	16,662
Receivable from GNYHA Holdings, LLC	(3,000		)
Estimated working capital settlement	1,106
Total consideration paid	350,752
Cash acquired	(16,267		)
Net consideration	334,485
50% ownership interest in Innovatix	218,044
Payable to Innovatix and Essensa	(5,765		)
Enterprise value	546,764

Accounts receivable	22,261
Prepaid expenses and other current assets	686
Fixed assets, net	2,064
Intangible assets	242,906
Total assets acquired	267,917
Accrued expenses	5,264
Revenue share obligations	6,937
Other current liabilities	694
Total liabilities assumed	12,895
Deferred tax liability	42,904
Goodwill	$	334,646