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Acquisitions (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Business Combinations [Abstract]    
Schedule of Business Acquisitions, by Acquisition [Table Text Block]

During the year ended December 31, 2014, we closed five transactions supporting our entry into the urgent and primary care market. A summary of the acquisitions is as follows:
 
 
Business Acquired
 
State
 
Sites
 
Date of Closing
CorrectMed
 
 
Georgia
 
 
 
2
 
 
 
May 8, 2014
 
Bay Walk-In Clinic
 
 
Florida
 
 
 
2
 
 
 
August 29, 2014
 
Mid-South Urgent Care
 
 
Alabama
 
 
 
3
 
 
 
September 12, 2014
 
MedHelp
 
 
Georgia
 
 
 
1
 
 
 
October 31, 2014
 
Stat Medical Care
 
 
Virginia
 
 
 
2
 
 
 
December 31, 2014
 
A summary of the acquisitions is as follows (in thousands):
 
 
Business Acquired
 
State
 
Sites
 
Date of
Closing
 
Purchase
Price
CorrectMed
 
 
Georgia
 
 
 
2
 
 
 
8-May-14
 
 
$
2,649
 
Bay Walk-In Clinic
 
 
Florida
 
 
 
2
 
 
 
29-Aug-14
 
 
 
2,024
 
Mid-South Urgent Care
 
 
Alabama
 
 
 
3
 
 
12-Sep-14
 
 
 
1,554
 
MedHelp
 
 
Georgia
 
 
 
1
 
 
 
31-Oct-14
 
 
 
880
 
Stat Medical Care
 
 
Virginia
 
 
 
2
 
 
 
31-Dec-14
 
 
 
1,379
 
Total
 
 
 
 
 
 
 
 
 
 
$
8,486
 
 
 
*
At the time of closing of this transaction, the seller had two operating centers; the third center in Springville, Alabama, was under development at time of closing.
Business Acquisition, Pro Forma Information [Table Text Block]
The following table provides certain pro forma financial information for the Company as if the acquisition of CorrectMed had occurred on January 1, 2014. Pro forma information for Bay Walk-In, Mid-South Urgent Care, MedHelp, and Stat Medical Care was not included since it was impracticable to obtain, due to the financial reporting approaches utilized by the prior owners of the businesses.
 
 
 
Six months ended
June 30,
  
 
2015
 
2014
Net revenue
 
 
  
 
 
 
  
 
Ancillary network
 
$
11,347
 
 
$
10,505
 
Urgent and primary care
 
 
5,026
 
 
 
1,598
 
Total net revenue
 
 
16,373
 
 
 
12,103
 
Net loss
 
$
(7,020
 
$
(3,102
Basic net (loss) per common share
 
$
(1.03
 
$
(0.51
Diluted net (loss) per common share
 
$
(1.14
 
$
(0.51
)
The following table provides certain pro forma financial information for the Company, as if the acquisition of CorrectMed had occurred on January 1, 2013. Pro forma information for Bay Walk-In, Mid-South Urgent Care, MedHelp, and Stat Medical Care was not included since it was impracticable to obtain, due to the financial reporting approach utilized by the prior owners of the businesses.
 
 
 
Year Ended
December 31,
  
 
2014
 
2013
Net revenue
 
 
  
 
 
 
  
 
Ancillary
 
$
23,146
 
 
$
26,751
 
Urgent and primary care
 
 
3,268
 
 
 
3,654
 
Total net revenue
 
 
26,414
 
 
 
30,405
 
Net loss
 
$
(7,020
 
$
(4,921
Loss per basic and diluted common share
 
$
(1.10
 
$
(0.86
Business Combination, Separately Recognized Transactions [Table Text Block]  
The following table provides a detailed breakdown of the purchase price that was paid in each acquisition:
 
 
 
CorrectMed
 
Bay
Walk-In
Clinic
 
Mid-South
Urgent Care
 
MedHelp
 
Stat
Medical
Care
 
Total
Cash consideration in purchase agreement*
 
$
2,180
 
 
$
1,500
 
 
$
1,350
 
 
$
780
 
 
$
1,328
 
 
$
7,138
 
Adjustments on closing date
 
 
4
 
 
 
 
 
 
34
 
 
 
13
 
 
 
 
 
 
51
 
Cash consideration, as adjusted
 
 
2,184
 
 
 
1,500
 
 
 
1,384
 
 
 
793
 
 
 
1,328
 
 
 
7,189
 
Deferred consideration in purchase agreement
 
 
500
 
 
 
700
 
 
 
150
 
 
 
100
 
 
 
50
 
 
 
1,500
 
Adjustments for working capital
 
 
(46
 
 
(170
 
 
15
 
 
 
(15
 
 
 
 
 
(216
Valuation adjustments to promissory notes
 
 
11
 
 
 
(6
 
 
5
 
 
 
2
 
 
 
1
 
 
 
13
 
Deferred consideration, as adjusted
 
 
465
 
 
 
524
 
 
 
170
 
 
 
87
 
 
 
51
 
 
 
1,297
 
Total Purchase Price
 
$
2,649
 
 
$
2,024
 
 
$
1,554
 
 
$
880
 
 
$
1,379
 
 
$
8,486
 
 
 
*
$268,000 was due to seller, Stat Medical Care, as of December 31, 2014.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]  
A summary of the assets acquired and liabilities assumed is as follows:
 
 
                                                                                              Acquisition Activity
  
 
CorrectMed
 
Bay
Walk-In
Clinic
 
Mid-South
Urgent Care
 
MedHelp
 
Stat
Medical
Care
 
Total
Accounts receivable
 
$
221
 
 
$
153
 
 
$
147
 
 
$
28
 
 
$
81
 
 
$
630
 
Other current assets
 
 
48
 
 
 
 
 
 
32
 
 
 
37
 
 
 
 
 
 
117
 
Property and equipment
 
 
1,325
 
 
 
63
 
 
 
1,205
 
 
 
180
 
 
 
211
 
 
 
2,984
 
Identifiable intangible assets
 
 
110
 
 
 
97
 
 
 
105
 
 
 
600
 
 
 
60
 
 
 
972
 
Goodwill
 
 
1,871
 
 
 
1,788
 
 
 
1,437
 
 
 
44
 
 
 
1,042
 
 
 
6,182
 
Total assets acquired
 
 
3,575
 
 
 
2,101
 
 
 
2,926
 
 
 
889
 
 
 
1,394
 
 
 
10,885
 
Liabilities assumed
 
 
(926
 
 
(77
 
 
(1,227
 
 
(9
 
 
(15
 
 
(2,254
Deferred tax liability
 
 
 
 
 
 
 
 
(145
 
 
 
 
 
 
 
 
(145
Net assets acquired
 
$
2,649
 
 
$
2,024
 
 
$
1,554
 
 
$
880
 
 
$
1,379
 
 
$
8,486
 
Business Combination Revenue Since Acquisition [Table Text Block]  
The following table provides net revenues since acquisition for the period ending December 31, 2014.
 
 
 
2014
CorrectMed
 
$
2,144
 
Bay Walk-In Clinic
 
 
719
 
Mid-South Urgent Care
 
 
875
 
MedHelp
 
 
168
 
Stat Medical Care
 
 
 
Total
 
$
3,906