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Goodwill and Intangible Assets, Net
3 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets, Net [Abstract]  
Goodwill And Intangible Assets, Net

Note 6.       Goodwill and Intangible Assets, NET 

 

We believe that acquisitions of business and other assets enhances our existing businesses by either expanding our geographic range and customer base or expanding our existing product lines. During the three months ended March 31, 2017, we acquired one reference laboratory in Austria for approximately $1.6 million, with a majority of the acquisition price valued as an intangible asset.



During 2016, management reviewed our OPTI Medical product offerings. As a result of this review, we discontinued our product development activities in human point-of-care medical diagnostics. As a result of this change in strategy, we assessed the realizability of the related tangible and intangible assets and determined the expected future cash flows were less than the carrying value of the asset group and recorded a non-cash intangible asset impairment of $2.2 million within our condensed consolidated statement of operations within general and administration expense during 2016, of which, $1.1 million of expense was recorded during the first quarter of 2016.