ACQUISITIONS OF BUSINESSES (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of Preliminary Purchase Prices Allocation

The purchase prices for the 2014 acquisitions have been preliminarily allocated as follows (in thousands):

Cash paid, net of cash acquired	$	12,240
Seller notes		400
Total consideration		12,640
Estimated fair value of net tangible assets acquired:
Total current assets		1,273
Total non-current assets		1,200
Total liabilities		(374	)
Net tangible assets acquired		2,099
Referral relationships		-
Non-competition agreements		-
Tradename		-
Goodwill		15,266
Fair value of non-controlling interest		(4,725	)
	$	12,640

The purchase prices for the 2013 acquisitions have been preliminarily allocated as follows (in thousands):

Cash paid, net of cash acquired	$	46,598
Seller notes		1,300
Total consideration	$	47,898
Estimated fair value of net tangible assets acquired:
Total current assets	$	3,712
Total non-current assets		1,971
Total liabilities		(1,082	)
Net tangible assets acquired		4,601
Referral relationships		6,140
Non-competition agreements		1,000
Tradename		3,200
Goodwill		43,498
Fair value of non-controlling interest		(10,541	)
	$	47,898

Schedule of Clinic Acquisition

During the first nine months of 2014 and the year ended 2013, the Company acquired the following clinic groups:

		% Interest		Number of
Acquisition	Date	Acquired		Clinics

	2014
April 2014 Acquisition	April 30		70%		13
August 2014 Acquisition	August 1		100%		3

	2013
February 2013 Acquisition	February 28		72%		9
April 2013 Acquisition	April 30		50%		5
May 2013 Acquisition	May 24		80%		5
December 9, 2013 Acquisition	December 9		60%		12
December 13, 2013 Acquisition	December 13		90%		11

Schedule of Unaudited Proforma Net Revenue and Net Income from Continuing Operations

Unaudited proforma net revenue and net income from continuing operations for the Company as if the December 13, 2013 Acquisition occurred as of January 1, 2013 is as follows (in thousands, except per share data):

	Three Months Ended		Nine Months Ended
	September 30, 2013		September 30, 2013

Net revenues	$	69,174	$	204,198
Net income attributable to common shareholders from continuing operations	$	5,273	$	15,023

Earnings per share:
Basic - net income attributable to common shareholders from continuing operations	$	0.44	$	1.25
Diluted - net income attributable to common shareholders from continuing operations	$	0.44	$	1.24

Shares used in computation:
Basic - net income attributable to common shareholders from continuing operations		12,106		12,050
Diluted - net income attributable to common shareholders from continuing operations		12,120		12,069

Multi Clinic Acquisitions of Physical Therapy [Member]

Schedule of Clinic Acquisition

During 2013, the Company completed the following multi-clinic acquisitions of physical therapy practices:

		% Interest		Number of
Acquisition	Date	Acquired		Clinics

February 2013 Acquisition	February 28		72%		9
April 2013 Acquisition	April 30		50%		5
May 2013 Acquisition	May 24		80%		5
December 9, 2013 Acquisition	December 9		60%		12
December 13, 2013 Acquisition	December 13		90%		11