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Business Combination (Tables)
12 Months Ended
Dec. 31, 2014
Lumara Health Inc Member  
Summary of the components of the estimated purchase price

 

The following table summarizes the components of the estimated total purchase price at fair value, subject to adjustment upon finalization of Lumara Health's net working capital, net debt and transaction expenses as of the Lumara Acquisition Date (in thousands):

                                                                                                                                                                                    

 

 

Total Acquisition Date
Fair Value

 

Cash consideration

 

$

600,000

 

Fair value of 3.2 million shares of AMAG common stock

 

 

111,964

 

Fair value of contingent milestone payments

 

 

205,000

 

Estimated working capital and other adjustments

 

 

821

 

​  

​  

Purchase price paid at closing

 

 

917,785

 

Less:

 

 

 

 

Due from sellers

 

 

(5,119

)

Cash acquired from Lumara Health

 

 

(5,219

)

​  

​  

Total purchase price

 

$

907,447

 

​  

​  

​  

​  

​  

 

Summary of estimated fair values of the assets acquired and liabilities assumed related to the business combination

 

The following table summarizes the preliminary fair values assigned to the assets acquired and the liabilities assumed by us at the Lumara Acquisition Date (in thousands):

                                                                                                                                                                                    

Accounts receivable

 

$

34,918

 

Inventories

 

 

30,300

 

Prepaid and other current assets

 

 

3,322

 

Deferred income tax assets

 

 

94,965

 

Property and equipment

 

 

60

 

Makena marketed product

 

 

797,100

 

IPR&D

 

 

79,100

 

Restricted cash

 

 

1,997

 

Other long-term assets

 

 

3,412

 

Accounts payable

 

 

(3,807

)

Accrued expenses

 

 

(41,532

)

Deferred income tax liabilities

 

 

(293,649

)

Other long-term liabilities

 

 

(4,563

)

​  

​  

Total estimated identifiable net assets

 

 

701,623

 

Goodwill

 

 

205,824

 

​  

​  

Total

 

$

907,447

 

​  

​  

​  

​  

​  

 

Pro forma consolidated financial information

 

In addition, the pro forma combined net income (loss) in fiscal 2013 does not give effect to the elimination of approximately $392.1 million of non-recurring reorganization gains, net of losses and expenses, realized in connection with Lumara Health's exit from bankruptcy in September 2013 as such amounts are not directly related to the acquisition of Lumara Health (in thousands):

                                                                                                                                                                                    

 

 

Year Ended
December 31,

 

 

 

2014

 

2013

 

Pro forma combined revenues

 

$

267,705

 

$

179,561

 

Pro forma combined net income (loss)

 

$

(23,942

)

$

463,522

 

 

PlasmaTech Biopharmaceuticals Inc Member  
Summary of the components of the estimated purchase price

 

The following table summarizes the total consideration for the MuGard Rights (in thousands):

                                                                                                                                                                                    

 

 

Total
Acquisition
Date Fair
Value

 

Cash

 

$

3,434 

 

Acquisition-related contingent consideration

 

 

13,700 

 

​  

​  

Total consideration

 

$

17,134 

 

​  

​  

​  

​  

​  

 

Summary of estimated fair values of the assets acquired and liabilities assumed related to the business combination

 

The following table summarizes the fair values of the assets acquired related to the business combination as of the MuGard License Date (in thousands):

                                                                                                                                                                                    

Assets Acquired:

 

 

 

 

MuGard intangible asset

 

$

16,893 

 

Inventory

 

 

241 

 

​  

​  

Net identifiable assets acquired

 

$

17,134 

 

​  

​  

​  

​  

​