Acquisitions (Tables)

3 Months Ended

May 31, 2022

Business Acquisition [Line Items]

Schedule of proforma results

	Unaudited Pro Forma
	Three months ended May 31, 2021
Revenue	$	72,532
Net loss	$	(63,099)

Acquisition of 2nd.MD

Business Acquisition [Line Items]

Schedule of purchase consideration

Consideration
Cash consideration, net of cash acquired	$	226,135
Fair value of common stock issued		116,187
Fair value of replacement awards		1,520
Fair value of contingent consideration		76,248
Total consideration	$	420,090

Schedule of estimated fair values of the assets acquired and liabilities assumed

Assets acquired:
Accounts receivable	$	5,550
Unbilled revenue		226
Current portion of deferred contract acquisition costs		176
Prepaid and other current assets		1,052
Property and equipment		4,344
Deferred contract acquisition costs		564
Goodwill		208,286
Intangible assets(1)
Customer relationships		120,000
Technology		58,000
Supplier-based network		25,000
Trade name		3,400
Non-compete agreement		3,100
Total assets acquired	$	429,698
Liabilities assumed:
Accounts payable	$	1,195
Accrued expenses		585
Accrued compensation		3,817
Deferred rent and other current liabilities		904
Due to customers		294
Current portion of deferred revenue		625
Deferred rent and other noncurrent liabilities		2,188
Total liabilities assumed	$	9,608
Net assets acquired	$	420,090

(1) The weighted-average useful life of intangible assets acquired is approximately 14 years.

PlushCare

Business Acquisition [Line Items]

Schedule of purchase consideration

Consideration
Fair value of common stock issued	$	330,338
Fair value of contingent consideration		44,618
Cash consideration, net of cash acquired		33,860
Fair value of replacement awards		5,209
Total consideration	$	414,025

Schedule of estimated fair values of the assets acquired and liabilities assumed

Assets acquired:
Accounts receivable	$	1,359
Prepaid and other current assets		573
Property and equipment		298
Other noncurrent assets		932
Goodwill		365,597
Intangible assets(1)
Customer relationships		4,050
Technology		40,650
Trade name		10,300
Non-compete agreements		6,200
Total assets acquired	$	429,959
Liabilities assumed:
Accounts payable	$	1,532
Accrued expenses		193
Accrued compensation		2,117
Current portion of deferred revenue		1,212
Deferred tax liability		9,992
Other liabilities		888
Total liabilities assumed	$	15,934
Net assets acquired	$	414,025

(1) The weighted-average useful life of intangible assets acquired is approximately 5 years.