Discontinued Operations

3 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

6 .	Discontinued Operations:

On October 10, 2019, the Company entered into a securities purchase agreement with an affiliate of Frazier Healthcare Partners to divest its management services organization, which operated as MedData, and the transaction closed on October 31, 2019. The operating results of the management services service line were reported as discontinued operations in the Company’s Consolidated Statements of Income for the three months ended March 31, 2019. Loss from discontinued operations, net of income taxes, as reported in the Company’s Consolidated Statements of Income for the three months ended March 31, 2019

was $284.5 million

which included a loss on classification as held for sale of $321.2 million.

During the three months ended March 31, 2020,

the

Company recorded an incremental loss on the sale of MedData

of $3.6 million, primarily related to the finalization of certain transaction related expenses of $5.1 million and a working capital

true-up

of $0.2 million, partially offset by the completion of its preliminary valuation for the contingent economic consideration

which decreased the loss on sale by $1.7 million.