Business Combinations and Goodwill (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed, as of the acquisition date (in thousands):

	Balance Sheet
Assets acquired
Cash and cash equivalents	$	3,569
Accounts receivable, net	10,336
Other current assets	4,675
Network relationship intangible assets	22,636
Goodwill	28,585
Accounts payable	(2,795)
Deferred tax liabilities	(6,334)
Medical liabilities	(15,616)
Net assets acquired	$	45,056
Cash paid	$	45,056

The following table summarizes the fair values of the assets acquired and liabilities assumed, as of the

acquisition date (in thousands):

	Balance Sheet
Assets acquired
Cash and cash equivalents	$	582
Accounts receivable, net	5,150
Other current assets	198
Network relationship intangible assets	11,411
Goodwill	23,566
Accounts payable	(3,759)
Medical liabilities	(12,154)
Subordinated loan	(15,327)
Net assets acquired	$	9,667
Less: equity investment contributed	2,417
Cash paid	$	7,250

Summary of Pro Forma Information

The supplemental information on an unaudited pro forma financial basis presents the combined results of ApolloMed and its 2019 acquisitions as if each acquisition had occurred on January 1, 2018 (in thousands except per share data):

	Year Ended December 31, 2019 (unaudited)		Year Ended December 31, 2018 (unaudited)
Revenue	$	658,011	$	726,075
Net income	10,867		58,879
Net income attributable to Apollo Medical Holdings, Inc.	7,310		9,447
EPS - basic	$	0.21	$	0.29
EPS - diluted	$	0.20	$	0.25

Summary of Goodwill Activity

The following is a summary of goodwill activity for the years ended December 31, 2020 and 2019 (in thousands):

	Amount
Balance at January 1, 2019	$	185,806
Acquisitions	52,699
Balance at December 31, 2019	238,505
Adjustments	548
Balance at December 31, 2020	$	239,053