Acquisitions of Businesses (Tables)

12 Months Ended

Dec. 31, 2015

During 2015, 2014 and 2013, the Company completed the following multi-clinic acquisitions of physical therapy practices:

The purchase prices for the 2015 acquisitions have been preliminarily allocated as follows (in thousands):

Cash paid, net of cash acquired	$	18,965
Seller notes		1,800
Total consideration	$	20,765
Estimated fair value of net tangible assets acquired:
Total current assets	$	2,146
Total non-current assets		1,404
Total liabilities		(1,036	)
Net tangible assets acquired	$	2,514
Referral relationships		3,069
Non-compete		731
Tradename		3,315
Goodwill		23,428
Fair value of non-controlling interest		(12,292	)
	$	20,765

The purchase prices for the 2014 acquisitions have been allocated as follows:

Cash paid, net of cash acquired	$	12,270
Seller notes		400
Total consideration	$	12,670
Estimated fair value of net tangible assets acquired:
Total current assets	$	1,213
Total non-current assets		1,051
Total liabilities		(406	)
Net tangible assets acquired	$	1,858
Referral relationships		280
Non-compete		330
Tradename		1,600
Goodwill		13,327
Fair value of non-controlling interest		(4,725	)
	$	12,670

The purchase prices for the acquisitions in 2013 were allocated as follows (in thousands):

Cash paid, net of cash acquired	$	46,628
Seller notes		1,300
Total consideration	$	47,928
Estimated fair value of net tangible assets acquired:
Total current assets	$	3,177
Total non-current assets		1,541
Total liabilities		(538	)
Net tangible assets acquired	$	4,180
Referral relationships		6,140
Non-compete		1,080
Tradename		3,700
Goodwill		43,369
Fair value of non-controlling interest		(10,541	)
	$	47,928