Acquisitions

9 Months Ended

Sep. 30, 2011

Acquisitions

Acquisitions

Note 4.           Acquisitions

We completed five acquisitions within our Residential Services and Homecare segments during the first nine months of 2011. Aggregate consideration for these acquisitions was approximately $22.1 million, including $1.3 million of notes issued, cash received of $0.3 million and net forgiveness of management fees and promissory note of $2.7 million. These acquisitions are expected to generate annual revenues of approximately $38 million. The operating results of the acquisitions are included in the condensed consolidated financial statements from the date of acquisition.

The preliminary aggregate purchase price for these acquisitions was allocated as follows:

Cash	$	307
Accounts receivable	1,730
Property and equipment	332
Other intangible assets	3,244
Goodwill	16,814
Other assets	60
Liabilities	(376)
Aggregate purchase price	$	22,111

The other intangible assets consist primarily of customer relationships, trade names and covenants not to compete, which will all be amortized over five to twenty years. We expect all of the $16.8 million of goodwill will be deductible for tax purposes.