Acquisitions of Businesses (Tables)

12 Months Ended

Dec. 31, 2016

Acquisitions of Businesses [Abstract]

Schedule of Multi Clinic Acquisition

During 2016, 2015 and 2014, the Company completed the following multi-clinic acquisitions of physical therapy practices:

	Date	% Interest Acquired			Number of Clinics
	2016
February 2016 Acquisition	February  29		55	%		8
November 2016 Acquisition	November 30		60	%		12
	2015
January 2015 Acquisition	January 31		60	%		9
April 2015 Acquisition	April 30		70	%		3
June 2015 Acquisition	June 30		70	%		4
December 2015 Acquisition	December 31		59	%		4
	2014
April 2014 Acquisition	April 30		70	%		13
August 2014 Acquisition	August 1		100	%		3

Schedule of Preliminary Purchase Prices Allocation

The purchase price for the 2016 acquisitions has been preliminarily allocated as follows (in thousands):

Cash paid, net of cash acquired	$	23,623
Seller notes		1,000
Total consideration	$	24,623
Estimated fair value of net tangible assets acquired:
Total current assets	$	1,712
Total non-current assets		1,202
Total liabilities		(398	)
Net tangible assets acquired	$	2,516
Referral relationships		4,919
Non-compete		847
Tradename		3,802
Goodwill		31,419
Fair value of non-controlling interest		(18,880	)
	$	24,623

The purchase prices for the 2015 acquisitions have been allocated as follows (in thousands):

Cash paid, net of cash acquired	$	18,965
Seller notes		1,800
Total consideration	$	20,765
Estimated fair value of net tangible assets acquired:
Total current assets	$	1,952
Total non-current assets		1,068
Total liabilities		(1,067	)
Net tangible assets acquired	$	1,953
Referral relationships		3,655
Non-compete		594
Tradename		3,417
Goodwill		23,437
Fair value of non-controlling interest		(12,291	)
	$	20,765

The purchase prices for the 2014 acquisitions have been allocated as follows (in thousands):

Cash paid, net of cash acquired	$	12,270
Seller notes		400
Total consideration	$	12,670
Estimated fair value of net tangible assets acquired:
Total current assets	$	1,213
Total non-current assets		1,051
Total liabilities		(406	)
Net tangible assets acquired	$	1,858
Referral relationships		280
Non-compete		330
Tradename		1,600
Goodwill		13,327
Fair value of non-controlling interest		(4,725	)
	$	12,670