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BUSINESS ACQUISITIONS (Tables)
6 Months Ended
Jun. 30, 2015
Business acquisition  
Schedule of unaudited pro forma results of operations

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Net sales

 

$

913,199 

 

$

730,414 

 

$

1,709,610 

 

$

1,322,128 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Diplomat Pharmacy, Inc.

 

$

8,090 

 

$

2,899 

 

$

15,567 

 

$

4,106 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share — basic

 

$

0.13 

 

$

0.08 

 

$

0.26 

 

$

0.11 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share — diluted

 

$

0.12 

 

$

0.08 

 

$

0.25 

 

$

0.11 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Burman's Apothecary, LLC  
Business acquisition  
Schedule of consideration transferred

Cash

 

$

84,296 

 

253,036 restricted common shares

 

9,578 

 

 

 

 

 

 

 

$

93,874 

 

 

 

 

 

 

 

Summary of the amounts of identifiable acquired assets and assumed liabilities

 

Accounts receivable

 

$

17,274

 

Inventories

 

8,668

 

Prepaid expenses and other current assets

 

7,514

 

Property and equipment

 

49

 

Capitalized software for internal use

 

18,000

 

Intangible assets

 

24,400

 

Current liabilities

 

(25,797

)

 

 

 

 

 

 

 

 

Total identifiable net assets

 

50,108

 

Goodwill

 

43,766

 

 

 

 

 

 

 

 

 

 

 

$

93,874

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of definite-lived intangible assets that were acquired and their respective useful lives

 

 

 

Useful
Life

 

Amount

 

 

 

 

 

 

 

Physician relationships

 

12 years

 

$

16,000 

 

Non-compete employment agreements

 

5 years

 

5,700 

 

Favorable supply agreement

 

1 year

 

2,700 

 

 

 

 

 

 

 

 

 

 

 

$

24,400 

 

 

 

 

 

 

 

 

 

BioRx, LLC  
Business acquisition  
Schedule of consideration transferred

 

Cash at closing

 

$

217,467

 

4,038,853 restricted common shares

 

125,697

 

Contingent consideration at fair value

 

37,000

 

Receivable for estimated post-closing adjustment

 

(619

)

 

 

 

 

 

 

$

379,545

 

 

 

 

 

 

 

Summary of the amounts of identifiable acquired assets and assumed liabilities

 

Cash and cash equivalents

 

$

1,786

 

Accounts receivable

 

42,131

 

Inventories

 

5,546

 

Prepaid expenses and other current assets

 

669

 

Property and equipment

 

494

 

Other noncurrent assets

 

162

 

Intangible assets

 

182,000

 

Liabilities

 

(36,873

)

 

 

 

 

Total identifiable net assets

 

195,915

 

Goodwill

 

183,630

 

 

 

 

 

 

 

$

379,545

 

 

 

 

 

 

 

Schedule of definite-lived intangible assets that were acquired and their respective useful lives

 

 

 

Useful
Life

 

Amount

 

 

 

 

 

 

 

Patient relationships

 

10 years

 

$

130,000 

 

Non-compete employment agreements

 

5 years

 

39,700 

 

Trade names and trademarks

 

8 years

 

12,300 

 

 

 

 

 

 

 

 

 

 

 

$

182,000 

 

 

 

 

 

 

 

 

 

MedPro Rx, Inc.  
Business acquisition  
Schedule of consideration transferred

 

Cash

 

$

52,267 

 

716,695 restricted common shares

 

12,000 

 

Contingent consideration at fair value

 

4,270 

 

 

 

 

 

 

 

$

68,537 

 

 

 

 

 

 

 

Summary of the amounts of identifiable acquired assets and assumed liabilities

 

Cash and cash equivalents

 

$

668

 

Accounts receivable

 

9,050

 

Inventories

 

3,819

 

Prepaid expenses and other current assets

 

204

 

Property and equipment

 

697

 

Capitalized software for internal use

 

25

 

Intangible assets

 

37,099

 

Current liabilities

 

(4,660

)

 

 

 

 

Total identifiable net assets

 

46,902

 

Goodwill

 

21,635

 

 

 

 

 

 

 

$

68,537

 

 

 

 

 

 

 

Schedule of definite-lived intangible assets that were acquired and their respective useful lives

 

 

 

Useful
Life

 

Amount

 

 

 

 

 

 

 

Patient relationships

 

7 years

 

$

24,000 

 

Trade names and trademarks

 

10 years

 

8,700 

 

Non-compete employment agreements

 

5 years

 

4,399 

 

 

 

 

 

 

 

 

 

 

 

$

37,099