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Business Combinations and Disposition (Tables)
12 Months Ended
Dec. 31, 2022
Business Combinations [Abstract]  
Summary of Acquisition Date Fair Value of Consideration Transferred

The components of the 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 purchase consideration

$

131,820

 

Summary of Allocation of Purchase Price

The allocation of the 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 purchase consideration

$

131,820

 

Summary of Identified Intangible Assets Acquired

The 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

 

Trademark

 

1,000

 

 

 

3.0

 

 

$

52,000

 

 

 

7.4

 

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.

 

Year Ended December 31,

 

(in thousands)

2022

 

 

2021

 

Pro forma revenue

$

767,125

 

 

$

746,299

 

Pro forma net loss

$

(40,901

)

 

$

(59,400

)