ACQUISITIONS OF BUSINESSES (Tables)

9 Months Ended

Sep. 30, 2023

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