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ACQUISITIONS OF BUSINESSES (Tables) | 9 Months Ended
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Sep. 30, 2023
ACQUISITIONS OF BUSINESSES [Abstract] |
Purchase Price Allocation | The aggregate purchase price for the 2023 acquisitions has been preliminarily allocated as follows:
|  | Physical Therapy |
|  | Operations |
|  | (In thousands) |
Cash paid, net of cash acquired |  | $ | 22,994 |
Seller note |  |  | 985 |
Deferred payments |  |  | 830 |
Contingent payments |  |  | 200 |
Total consideration |  | $ | 25,009 |
Estimated fair value of net tangible assets acquired: |  |  |  |
Total current assets |  | $ | 566 |
Total non-current assets |  |  | 2,307 |
Total liabilities |  |  | (1,861 | )
Net tangible assets acquired |  |  | 1,012 |
Customer and referral relationships |  |  | 6,819 |
Non-compete agreement |  |  | 329 |
Tradenames |  |  | 1,680 |
Goodwill |  |  | 25,932 |
Fair value of non-controlling interest (classified as redeemable non-controlling interest) |  |  | (10,763 | )
|  | $ | 25,009 |
The purchase prices for the 2022 acquisitions have been preliminarily allocated as follows:
|  | Physical Therapy |
|  | Operations |
|  | (In thousands) |
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 |  | $ | 1,433 |
Total non-current assets |  |  | 7,619 |
Total liabilities |  |  | (9,943 | )
Net tangible assets acquired |  |  | (891 | )
Customer and referral relationships |  |  | 18,741 |
Non-compete agreements |  |  | 972 |
Tradenames |  |  | 4,871 |
Goodwill |  |  | 74,470 |
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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