Business Combinations (Tables)

6 Months Ended

Jun. 30, 2022

Business Combinations [Abstract]

Summary of Acquisition Date Fair Value of Consideration Transferred

The components of the estimated purchase consideration for vitaCare are as follows:

(in thousands)
Cash	$	149,877
Fair value of contingent consideration payable		1,684
Fair value of contingent consideration receivable		(19,741	)
Total estimated purchase consideration	$	131,820

Summary of Allocation of Purchase Price

The preliminary allocation of the estimated purchase consideration for vitaCare is as follows:

(in thousands)
Accounts receivable	$	433
Prepaid expenses and other current assets		50
Property and equipment		255
Intangible assets		52,000
Accounts payable		(752	)
Accrued expenses and other current liabilities		(780	)
Goodwill		80,614
Total estimated purchase consideration	$	131,820

Summary of Identified Intangible Assets Acquired

The preliminary amounts assigned to the acquired intangible assets and their estimated useful lives are as follows:

(dollars in thousands)	Fair Value		Weighted Average Useful Life (in years)
Developed technology	$	30,000		5.0
Customer relationships		21,000		11.0
Tradename		1,000		3.0
	$	52,000		7.4

Summary of Reconciliation of Fair Value of the Contingent Consideration

The following table shows a reconciliation of the beginning and ending fair value of the contingent consideration receivable during the three and six months ended June 30, 2022:

(in thousands)	Three Months Ended June 30, 2022			Six Months Ended June 30, 2022
Beginning balance	$	—		$	—
vitaCare acquisition		19,741			19,741
Changes in fair value		(109	)		(109	)
Ending balance	$	19,632		$	19,632

Summary of Supplemental Unaudited Pro Forma Financial Information

The following table reflects the pro forma unaudited consolidated results of operations for the periods presented as if the acquisition of vitaCare had occurred on January 1, 2021.

	Three Months Ended June 30,					Six Months Ended June 30,
(in thousands)	2022			2021		2022		2021
Pro forma revenue	$	191,874		$	176,871	$	395,698	$	337,485
Pro forma net (loss) income		(2,335	)		23,116		2,805		15,175