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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2023
Business Acquisition [Line Items]  
Unaudited Pro Forma Condensed Consolidated Income Statement Information For the year ended December 31, 2022, the following table contains unaudited pro forma Consolidated Income Statement information of the Company as if the acquisition of JourneyCare closed on January 1, 2021. For the year ended December 31, 2021, the following table contains unaudited pro forma Consolidated Income Statement information of the Company as if the acquisition of Armada closed on January 1, 2020.

 

 

 

For the Years Ended December 31,
(Amounts in Thousands, Unaudited)

 

 

 

2023

 

 

2022

 

 

2021

 

Net service revenues

 

$

1,084,759

 

 

$

991,566

 

 

$

936,601

 

Operating income from continuing operations

 

 

96,679

 

 

 

73,353

 

 

 

69,081

 

Net income from continuing operations

 

 

65,436

 

 

 

46,270

 

 

 

47,622

 

Net income per common share

 

 

 

 

 

 

 

 

 

Basic income per share

 

$

4.09

 

 

$

2.92

 

 

$

3.03

 

Diluted income per share

 

$

4.01

 

 

$

2.86

 

 

$

2.96

 

Tennessee Quality Care [Member]  
Business Acquisition [Line Items]  
Schedule of Fair Values of Assets and Liabilities

Based upon management’s valuations, which are preliminary and subject to completion of working capital adjustments, the fair values of the assets and liabilities acquired are as follows:

 

 

Total
(Amounts in Thousands)

 

Goodwill

 

$

79,346

 

Identifiable intangible assets

 

 

26,740

 

Cash

 

 

2,357

 

Accounts receivable

 

 

5,940

 

Property and equipment

 

 

307

 

Operating lease assets, net

 

 

194

 

Other assets

 

 

200

 

Accrued expenses

 

 

(1,407

)

Accrued payroll

 

 

(2,368

)

Long-term operating lease liabilities

 

 

(80

)

Total purchase price

 

$

111,229

 

 

JourneyCare [Member]  
Business Acquisition [Line Items]  
Schedule of Fair Values of Assets and Liabilities

Based upon management’s valuations, which are preliminary and subject to completion of working capital adjustments, the fair values of the assets and liabilities acquired are as follows:

 

 

Total
(Amounts in Thousands)

 

Goodwill

 

$

69,446

 

Identifiable intangible assets

 

 

13,792

 

Cash

 

 

421

 

Accounts receivable

 

 

7,747

 

Property and equipment

 

 

1,194

 

Operating lease assets, net

 

 

3,728

 

Other assets

 

 

317

 

Accrued expenses

 

 

(5,002

)

Accrued payroll

 

 

(1,511

)

Long-term operating lease liabilities

 

 

(3,537

)

Total purchase price

 

$

86,595

 

Armada Skilled Homecare [Member]  
Business Acquisition [Line Items]  
Schedule of Fair Values of Assets and Liabilities

Based upon management’s final valuations, the fair values of the assets and liabilities acquired are as follows:

 

 

 

Total
(Amounts in
Thousands)

 

Goodwill

 

$

28,287

 

Identifiable intangible assets

 

 

990

 

Cash

 

 

676

 

Property and equipment

 

 

40

 

Other assets

 

 

24

 

Accounts payable

 

 

 

Accrued payroll

 

 

(361

)

Total purchase price

 

$

29,656