ACQUISITIONS OF BUSINESSES (Tables)

3 Months Ended

Mar. 31, 2020

The purchase price for the 2020 acquisitions has been preliminarily allocated as follows (in thousands):

	Total
Cash paid, net of cash acquired	$	11,633
Seller note		300
Total consideration	$	11,933

Estimated fair value of net tangible assets acquired:
Total current assets	$	991
Total non-current assets		400
Total liabilities		(469	)
Net tangible assets acquired	$	922
Referral relationships		1,600
Non-compete		750
Tradename		1,500
Goodwill		13,632
Fair value of non-controlling interest (classified as redeemable non-controlling interests)		(6,471	)
	$	11,933

The purchase price for the 2019 acquisitions has been allocated as follows (in thousands):

	IIPS*			Clinic Practice			Total
Cash paid, net of cash acquired	$	18,427		$	12,170		$	30,597
Payable to shareholders of seller		486			-			486
Seller note		4,000						4,300
Total consideration	$	22,913		$	12,470		$	35,383
Estimated fair value of net tangible assets acquired:
Total current assets	$	1,641		$	696		$	2,337
Total non-current assets		878			3,028			3,906
Total liabilities		(2,884	)		(2,816	)		(5,700	)
Net tangible assets acquired	$	(365	)	$	908		$	543
Referral relationships		1,500			1,500			3,000
Non-compete		590			700			1,290
Tradename		2,500			1,600			4,100
Goodwill		18,688			13,991			32,679
Fair value of non-controlling interest (classified as redeemable non-controlling interests)		-			(6,229	)		(6,229	)
	$	22,913		$	12,470		$	35,383

* Industrial injury prevention services