Acquisitions

9 Months Ended

Sep. 30, 2013

Acquisitions

Acquisitions

Note 2.                   Acquisitions

We completed five acquisitions within our Residential Services, ResCare HomeCare and Education and Training Services segments during the first nine months of 2013. Aggregate consideration for these acquisitions was approximately $24.5 million, including $1.0 million of notes issued and net settlement of management fees of $1.2 million. The operating results of the acquisitions are included in the condensed consolidated financial statements from the date of acquisition.  Proforma results and other disclosure have not been included as the acquisitions are considered immaterial, individually and in aggregate to the three and nine month periods ended September 30, 2013.

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

Accounts receivable	$	1,024
Property and equipment	358
Other intangible assets	9,972
Goodwill	13,282
Other assets	269
Liabilities	(410		)
Aggregate purchase price	$	24,495

The other intangible assets consist primarily of customer relationships, trade names and covenants not to compete. All intangible assets will be amortized over five to twenty years. We expect all of the $13.3 million of goodwill will be deductible for tax purposes.