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Acquisitions
 3 Months Ended
Mar. 31, 2014
Business Combinations [Abstract]  
Acquisitions
Acquisitions

The table below reflects the activity related to the acquisitions and dispositions of our animal hospitals and laboratories during the three months ended March 31, 2014 and 2013, respectively:

 
Three Months Ended
March 31,
 
2014
 
2013
Animal Hospitals:
 
 
 
Acquisitions
4

 
3

Acquisitions, merged
(1
)
 
—

Sold, closed or merged
(4
)
 
(8
)
Net decrease
(1
)
 
(5
)
 
 
 
 
Laboratories:
 
 
 
Acquisitions
—

 
1

Created
1

 
—

Net increase
1

 
1



4.
Acquisitions, continued
Animal Hospital Acquisitions
The purchase price allocations for the acquisitions in the table below are preliminary. However, adjustments, if any, are not expected to be material. The measurement periods for purchase price allocations do not exceed 12 months from the acquisition date. The following table summarizes the aggregate consideration for our independent animal hospitals acquired during the three months ended March 31, 2014 and 2013, respectively, (in thousands):

 
Three Months Ended
March 31,
 
2014
 
2013
Consideration:
 
 
 
  Cash
$
17,295

 
$
6,756

  Holdbacks
400

 
160

  Earnout contingent consideration
—

 
53

      Fair value of total consideration transferred
$
17,695

 
$
6,969

 
 
 
 
Allocation of the Purchase Price:
 
 
 
  Tangible assets
$
701

 
$
491

  Identifiable intangible assets
2,734

 
1,506

  Goodwill (1)
15,115

 
4,972

      Fair value of assets acquired
$
18,550

 
$
6,969

Noncontrolling interest
(855
)
 
—

Total
$
17,695

 
$
6,969


____________________________

(1)  
We expect that $10.3 million and $4.1 million of the goodwill recorded for these acquisitions, as of March 31, 2014 and 2013, respectively, will be fully deductible for income tax purposes.

In addition to the purchase price listed above, there were no cash payments made for real estate acquired in connection with our purchase of animal hospitals for the three months ended March 31, 2014. There were $0.5 million in cash payments made for real estate for the three months ended March 31, 2013.