FACILITY ACQUISITIONS

3 Months Ended

Mar. 31, 2021

FACILITY ACQUISITIONSAcquisitions

During the first quarter of 2021, we completed the acquisition of certain assets of the following entities, all located in the New York city area. We made a preliminary fair value determination of the acquired assets and assumed liabilities and the following were recorded (in thousands):


Entity Acquired	Total Purchase Consideration		Property & Equipment		Right of Use Assets		Goodwill		Intangible Assets		Other Assets		Right of Use Liabilities

Personal Health Imaging PLLC	$	2,995	$	576	$	608	$	2,355	$	50	$	14	$	(608)
ZP Elmont LLC	2,194		1,112		1,695		1,005		50		27		(1,695)
ZP Freeport LLC	6,065		3,968		2,361		2,018		50		29		(2,361)
Broadway Medical Imaging LLC	1,155		1,076		1,791		6		50		23		(1,791)
3235 Hempstead LLC	9,386		4,304		10,115		5,032		50		—		(10,115)
SLZM Realty LLC	13,671		3,862		7,715		9,759		50		—		(7,715)
2012 Sunrise Merrick LLC	11,428		2,363		5,919		9,015		50		—		(5,919)
ZP Bayside LLC	3,545		3,385		9,393		40		50		70		(9,393)
ZP Laurelton LLC	2,658		2,530		5,157		32		50		46		(5,157)
ZP Smith LLC	3,978		3,581		10,558		347		50		—		(10,558)
Total	$	57,075	$	26,757	$	55,312	$	29,609	$	500	$	209	$	(55,312)

Formation of majority owned subsidiary

On January 1, 2021 we entered into the Simi Valley Imaging Group, LLC, a partnership with Simi Valley Hospital and Health Services ("Simi Adventist"). The operation will offer multi-modality imaging services out of two locations in Ventura County, California. Total investment in the venture is $0.4 million. RadNet contributed $0.3 million in assets for a 60% economic interest and Simi Adventist contributed assets totaling $0.1 million for a 40% economic interest.