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ACQUISITIONS OF BUSINESSES (Tables) | 6 Months Ended
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Jun. 30, 2020
ACQUISITIONS OF BUSINESSES [Abstract] |
Preliminary Purchase Prices Allocation | The purchase price for the 2020 acquisitions has been preliminarily allocated as follows (in thousands):
|  | Physical Therapy Operations |
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 |  | $ | 778 |
Total non-current assets |  |  | 400 |
Total liabilities |  |  | (469 | )
Net tangible assets acquired |  | $ | 709 |
Referral relationships |  |  | 1,600 |
Non-compete |  |  | 750 |
Tradename |  |  | 1,500 |
Goodwill |  |  | 13,845 |
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* |  |  | Physical Therapy Operations |  |  | Total |
Cash paid, net of cash acquired |  | $ | 18,427 |  |  | $ | 12,170 |  |  | $ | 30,597 |
Payable to shareholders of seller |  | $ | 486 |  |  | $ | - |  |  |  | 486 |
Seller note |  |  | 4,000 |  |  |  | 300 |  |  |  | 4,300 |
Total consideration |  | $ | 22,913 |  |  | $ | 12,470 |  |  | $ | 35,383 |
Estimated fair value of net tangible assets acquired: |  |  |  |  |  |  |  |  |  |  |  |
Total current assets |  | $ | 1,641 |  |  | $ | 693 |  |  | $ | 2,334 |
Total non-current assets |  |  | 878 |  |  |  | 3,019 |  |  |  | 3,897 |
Total liabilities |  |  | (2,979 | ) |  |  | (2,816 | ) |  |  | (5,795 | )
Net tangible assets acquired |  | $ | (460 | ) |  | $ | 896 |  |  | $ | 436 |
Referral relationships |  |  | 3,400 |  |  |  | 2,600 |  |  |  | 6,000 |
Non-compete |  |  | 250 |  |  |  | 270 |  |  |  | 520 |
Tradename |  |  | 1,300 |  |  |  | 740 |  |  |  | 2,040 |
Goodwill |  |  | 18,423 |  |  |  | 14,193 |  |  |  | 32,616 |
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

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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