BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Purchase Price allocations of Acquisitions

The provisional purchase price allocations for ReedTMS and Baylor as of December 31, 2022 are summarized as follows (in thousands):

	ReedTMS			Baylor
Purchase Price
Cash consideration paid	$	116,989	(1)	$	90,150	(2)
Cash and cash equivalents acquired	(12,120)			(10,150)
Contingent consideration arrangement	5,000		(3)	8,400		(3)
Working capital surplus (deficiency)	(689)			643
Total purchase price (fair value of consideration)	109,180			89,043
Purchase Price Allocation
Current assets	52,531			11,371
Property and equipment	35,000			54,639
Intangible assets	12,000			20,300
Other non-current assets	7,927			556
Total assets acquired	107,458			86,866
Current liabilities	(45,497)			(2,993)
Other long-term liabilities	(5,622)			(302)
Total liabilities assumed	(51,119)			(3,295)
Goodwill	$	52,841		$	5,472

(1) Includes $0.9 million related to the net present value of future insurance payments. At closing, $11.5 million of the cash consideration was placed in escrow to secure certain indemnification obligations of the sellers and to cover post-closing adjustments.

(2) At closing, $8.5 million of the cash consideration was placed in escrow to secure certain indemnification obligations of the sellers and to cover post-closing adjustments.

(3) The estimated fair value of the ReedTMS and Baylor contingent consideration arrangements was based upon probability-adjusted inputs for each acquired entity and are recorded in other long-term liabilities on the consolidated balance sheet as of December 31, 2022.

Schedule of Intangible Assets and Weighted-average Estimated Amortization Periods

The following table summarizes the major classes of intangible assets and the respective weighted-average estimated amortization periods:

	Estimated Fair Value (in thousands)		Weighted-Average Estimated Amortization Period (Years)
Customer relationships	$	24,700	10
Trade names	7,600		12
Total intangible assets	$	32,300