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Business Combinations and Goodwill (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Combinations [Abstract] |
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed, as of the acquisition date (in thousands):
| Balance Sheet
Assets acquired |
Cash and cash equivalents | $ | 3,569 |
Accounts receivable, net | 10,336 |
Other current assets | 4,675 |
Network relationship intangible assets | 22,636 |
Goodwill | 28,585 |
Accounts payable | (2,795) |
Deferred tax liabilities | (6,334) |
Medical liabilities | (15,616) |
Net assets acquired | $ | 45,056 |
Cash paid | $ | 45,056 |
The following table summarizes the fair values of the assets acquired and liabilities assumed, as of the acquisition date (in thousands):
| Balance Sheet
Assets acquired |
Cash and cash equivalents | $ | 582 |
Accounts receivable, net | 5,150 |
Other current assets | 198 |
Network relationship intangible assets | 11,411 |
Goodwill | 23,566 |
Accounts payable | (3,759) |
Medical liabilities | (12,154) |
Subordinated loan | (15,327) |
Net assets acquired | $ | 9,667 |
Less: equity investment contributed | 2,417 |
Cash paid | $ | 7,250 |
Summary of Pro Forma Information | The supplemental information on an unaudited pro forma financial basis presents the combined results of ApolloMed and its 2019 acquisitions as if each acquisition had occurred on January 1, 2018 (in thousands except per share data):
|  | Year Ended December 31, 2019 (unaudited) |  | Year Ended December 31, 2018 (unaudited)
Revenue |  | $ | 658,011 |  |  | $ | 726,075 |
Net income |  | 10,867 |  |  | 58,879 |
Net income attributable to Apollo Medical Holdings, Inc. |  | 7,310 |  |  | 9,447 |
EPS - basic |  | $ | 0.21 |  |  | $ | 0.29 |
EPS - diluted |  | $ | 0.20 |  |  | $ | 0.25 |
Summary of Goodwill Activity | The following is a summary of goodwill activity for the years ended December 31, 2020 and 2019 (in thousands):
| Amount
Balance at January 1, 2019 | $ | 185,806 |
Acquisitions | 52,699 |
Balance at December 31, 2019 | 238,505 |
Adjustments | 548 |
Balance at December 31, 2020 | $ | 239,053 |

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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 http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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