Subsequent Events

12 Months Ended

Dec. 31, 2019

Subsequent Events

Subsequent Events

Note V — Subsequent Events

In March 2020, we entered into definitive share purchase agreements in connection with the acquisitions of two orthotic and prosthetic businesses for a total purchase price of $51.7 million, of which $43.2 million was cash consideration, $4.5 million was issued in the form of notes to the shareholders,  and the assumption of approximately $4.0 million in deferred payment obligations owed to certain shareholders or employees of one of the acquired businesses.  The notes are payable in annual installments over a period of 3 to 5 years.  The deferred payment obligations are payable in annual installments beginning in the fourth year following the acquisition and for three years thereafter.  Acquisition-related expenses incurred during the year ended December 31, 2019 related to the two acquisitions were not material.  Due to the proximity of these transactions to the filing of this Form 10-K, it is not practicable to provide a preliminary purchase price allocation of the fair value of the assets acquired and liabilities assumed in the acquisitions.