ACQUISITIONS OF BUSINESSES (Tables)

9 Months Ended

Sep. 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	$	15,322
Seller note		796
Total consideration	$	16,118

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		19,824
Fair value of non-controlling interest (classified as redeemable non-controlling interests)		(8,265	)
	$	16,118

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	$	18,428		$	12,170		$	30,598
Payable to shareholders of seller		485			-			485
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		$	650		$	2,291
Total non-current assets		848			3,019			3,867
Total liabilities		(2,978	)		(2,816	)		(5,794	)
Net tangible assets acquired	$	(489	)	$	853		$	364
Referral relationships		3,400			2,600			6,000
Non-compete		250			270			520
Tradename		1,300			740			2,040
Goodwill		18,452			14,237			32,689
Fair value of non-controlling interest (classified as redeemable non-controlling interests)		-			(6,230	)		(6,230	)
	$	22,913		$	12,470		$	35,383

* Industrial injury prevention services