Acquisitions

3 Months Ended

Mar. 31, 2023

Acquisitions [Abstract]

Acquisitions

17.    Acquisitions

In 2022, VITAS purchased the hospice assets of one Florida provider for $1.24 million in cash. Roto-Rooter completed the acquisition of three franchises and the related assets in New Jersey for a total of $2.29 million in cash.

Goodwill is assessed for impairment on a yearly basis as of October 1. All goodwill recognized is deductible for tax purposes.

Shown below is movement in Goodwill (in thousands):

	VITAS		Roto-Rooter		Total
Balance at December 31, 2022	$	334,063	$	247,232	$	581,295
Foreign currency adjustments		-		(9)		(9)
Balance at March 31, 2023	$	334,063	$	247,223	$	581,286