ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Business Acquisitions, Asana Hospice

The Company is in the process of finalizing its valuation of the assets acquired and liabilities assumed. During the three-month period ended September 30, 2020, we recorded measurement period adjustments based on changes to management's estimates and assumptions related to the assets acquired and liabilities assumed. Based on the Company's preliminary valuation, the total estimated consideration of $65.6 million has been allocated to assets acquired and liabilities assumed as of the acquisition date as follows (amounts in millions):


	Amount
Patient accounts receivable	$	4.7
Property and equipment	0.2
Operating lease right of use assets	0.9
Intangible assets	5.6
Total assets acquired	11.4
Accounts payable	(3.2)
Payroll and employee benefits	(1.5)
Accrued expenses	(0.4)
Operating lease liabilities	(0.8)
Total liabilities assumed	(5.9)
Net identifiable assets acquired	5.5
Goodwill	60.1
Total estimated consideration	$	65.6

Schedule of Business Acquisitions, AseraCare Hospice

The Company is in the process of reviewing the fair value of the assets acquired and liabilities assumed. During the three-month period ended September 30, 2020, we recorded measurement period adjustments based on changes to management's estimates and assumptions related to the assets acquired and liabilities assumed. Based on the Company's preliminary valuation, the total estimated consideration of $229.6 million has been allocated to assets acquired and liabilities assumed as of the acquisition date as follows (amounts in millions):


	Amount
Patient accounts receivable	$	14.9
Prepaid expenses	1.0
Property and equipment	0.6
Operating lease right of use assets	5.9
Intangible assets	24.3
Other assets	0.2
Total assets acquired	46.9
Accounts payable	(5.8)
Payroll and employee benefits	(6.4)
Accrued expenses	(8.4)
Operating lease liabilities	(5.4)
Total liabilities assumed	(26.0)
Net identifiable assets acquired	20.9
Goodwill	208.7
Total estimated consideration	$	229.6

Business Acquisition, Pro Forma Information

The following table contains unaudited pro forma condensed consolidated statement of operations information for the three and nine-month periods ended September 30, 2020 and 2019 assuming that the AseraCare acquisition closed on January 1, 2019 (amounts in millions, except per share data). The pro forma financial information includes various assumptions, including those related to the preliminary purchase price allocation of assets acquired and liabilities assumed. The pro forma financial information may vary in future quarters based on the final valuations and analysis of the fair value of the assets acquired and liabilities assumed.


	For the Three- Month Periods Ended September 30,				For the Nine- Month Periods Ended September 30,
	2020		2019		2020		2019
Net service revenue	$	544.1	$	525.5	$	1,569.4	$	1,546.0
Operating income	63.8		45.4		155.9		131.3
Net income attributable to Amedisys Inc.	72.3		31.3		135.5		90.2
Basic earnings per share	2.21		0.97		4.17		2.81
Diluted earnings per share	2.18		0.95		4.07		2.74