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v3.23.1

ACQUISITIONS OF BUSINESSES (Tables) | 3 Months Ended
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Mar. 31, 2023
ACQUISITIONS OF BUSINESSES [Abstract] |
Purchase Price Allocation | The purchase price for the 2023 acquisition has been preliminarily allocated as follows (in thousands):
|  | Physical Therapy |
|  | Operations |
Cash paid, net of cash acquired |  | $ | 5,796 |
Seller note |  |  | 360 |
Total consideration |  | $ | 6,156 |
Estimated fair value of net tangible assets acquired: |  |  |  |
Total current assets |  | $ | 168 |
Total non-current assets |  |  | 1,062 |
Total liabilities |  |  | (1,012 | )
Net tangible assets acquired |  |  | 218 |
Customer and referral relationships |  |  | 1,586 |
Non-compete agreement |  |  | 76 |
Tradenames |  |  | 391 |
Goodwill |  |  | 5,424 |
Fair value of non-controlling interest (classified as redeemable non-controlling interest) |  |  | (1,539 | )
|  | $ | 6,156 |
The purchase prices for the 2022 acquisitions have been preliminarily allocated as follows (in thousands):
|  | Physical Therapy |
|  | Operations |
Cash paid, net of cash acquired |  | $ | 59,788 |
Seller notes |  |  | 1,574 |
Contingent payments |  |  | 10,000 |
Total consideration |  | $ | 71,362 |
Estimated fair value of net tangible assets acquired: |  |  |  |
Total current assets |  | $ | 1,558 |
Total non-current assets |  |  | 7,619 |
Total liabilities |  |  | (9,865 | )
Net tangible assets acquired |  |  | (688 | )
Customer and referral relationships |  |  | 18,955 |
Non-compete agreements |  |  | 983 |
Tradenames |  |  | 4,417 |
Goodwill |  |  | 74,496 |
Fair value of non-controlling interest (classified as redeemable non-controlling interest) |  |  | (26,801 | )
|  | $ | 71,362 |

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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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