Business Combinations (Tables)

9 Months Ended

Sep. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Summary of Fair Value of Assets Acquired and Liabilities Assumed as Part of the Acquisition

The following table summarizes the provisional fair values assigned to identifiable assets acquired and liabilities assumed.

	Acquisition
(in thousands)	Raiker		Grant		Orr		Dave		Yang		Perkins		Parikh		Barreras		Total
Consideration:
Cash	$	892	$	849	$	816	$	2,000	$	4,615	$	8,920	$	1,908	$	929	$	20,929
Deferred	818		—		—		—		—		—		—		—		818
Fair value of total consideration transferred	$	1,710	$	849	$	816	$	2,000	$	4,615	$	8,920	$	1,908	$	929	$	21,747
Estimated fair value of identifiable assets acquired and liabilities assumed:
Cash	$	65	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	65
Accounts receivable	398		—		183		—		—		—		—		—		581
Inventory	62		49		16		—		115		408		307		279		1,236
Property and equipment, net	—		—		13		35		19		123		15		23		228
Clinical contracts	—		450		150		77		68		2,550		20		3		3,318
Goodwill	1,454		350		637		1,895		4,413		5,851		1,566		624		16,790
Total assets acquired	1,979		849		999		2,007		4,615		8,932		1,908		929		22,218
Accounts payable	120		—		—		—		—		—		—		—		120
Accrued liabilities	—		—		—		7		—		12		—		—		19
Current portion of long term debt	149		—		183		—		—		—		—		—		332
Total liabilities assumed	269		—		183		7		—		12		—		—		471
Net assets acquired	$	1,710	$	849	$	816	$	2,000	$	4,615	$	8,920	$	1,908	$	929	$	21,747

Schedule of Business Acquisition, Pro forma Information

The pro forma results presented below include the effects of the Acquisitions which occurred during the nine months ended September 30, 2022, as if they had occurred on January 1, 2021. The pro forma results for the three and nine months ended September 30, 2022 and 2021 include the additional amortization resulting from the adjustments to the value of intangible assets resulting from purchase accounting. The pro forma results do not include any anticipated synergies or other expected benefits of the acquisitions. The pro forma information does not purport to be indicative of what the Company's results of

operations would have been if the acquisitions had in fact occurred at the beginning of the period presented and is not intended to be a projection of the Company's future results of operations. Transaction expenses are included within the pro forma results.

(in thousands)	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Revenue	$	66,193	$	59,850	$	194,167	$	173,424
Net income (loss)	$	(2,517)	$	(1,777)	$	13,077	$	2,905