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Business Combinations (Tables)
12 Months Ended
Dec. 31, 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)RaikerGrantOrrDaveYangPerkinsParikhBarrerasDe La Rosa CostaHashimiTotal
Consideration:
Cash$892 $849 $816 $2,000 $4,615 $8,920 $1,908 $929 $25 $445 $21,399 
Deferred818 — — — — — — — — — 818 
Fair value of total consideration transferred$1,710 $849 $816 $2,000 $4,615 $8,920 $1,908 $929 $25 $445 $22,217 
Estimated fair value of identifiable assets acquired and liabilities assumed:
Cash$65 $— $— $— $— $— $— $— $— $— $65 
Accounts receivable398 — 183 — — — — — — — 581 
Inventory62 49 16 — 115 408 307 279 — 95 1,331 
Property and equipment, net— — 13 35 19 123 15 23 — 233 
Operating right of use assets— — — — — 447 1,118 83 88 1,742 
Clinical contracts and noncompetes— 450 150 77 68 70 20 — 24 862 
Trade names— — — — — 2,480 — — — — 2,480 
Goodwill1,454 350 637 1,895 4,413 5,851 1,566 624 25 321 17,136 
Total assets acquired1,979 849 999 2,007 4,615 9,379 3,026 1,012 31 533 24,430 
Accounts payable120 — — — — — — — — — 120 
Current portion of operating lease liabilities— — — — — 135 169 60 26 396 
Accrued liabilities— — — — 12 — — — — 19 
Current portion of long term debt149 — 183 — — — — — — — 332 
Operating lease liabilities— — — — — 312 949 23 — 62 1,346 
Total liabilities assumed269 — 183 — 459 1,118 83 88 2,213 
Net assets acquired$1,710 $849 $816 $2,000 $4,615 $8,920 $1,908 $929 $25 $445 $22,217 
Schedule of Business Acquisition, Pro forma Information
The pro forma results presented below include the effects of the Acquisitions which occurred during the year ended December 31, 2022, as if they had occurred on January 1, 2021. The pro forma results for the year ended December 31, 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)Year Ended December 31,
20222021
Revenue$266,230 $234,053 
Net income (loss)$2,140 $(6,030)