ACQUISITIONS OF BUSINESSES (Tables)

6 Months Ended

Jun. 30, 2020

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