BUSINESS ACQUISITIONS & DISPOSITIONS Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019



	Amounts Acquired During Year Ended December 31, 2019 (excluding Envigo)
Accounts receivable	$	2.2
Unbilled services	0.8
Inventories	4.4
Prepaid expenses and other	1.1
Property, plant and equipment (including ROU operating lease assets)	8.5
Goodwill	115.1
Intangible assets	184.3
Other assets	0.1
Total assets acquired	316.5
Accounts payable	1.5
Accrued expenses and other	14.1
Unearned revenue	3.6
Other liabilities	10.9
Total liabilies acquired	30.1
Net assets acquired	$	286.4

The preliminary valuation of acquired assets and assumed liabilities as of June 3, 2019, include the following:



Consideration Transferred
Cash consideration	$	601.0
Fair value of CRP	110.0
Total	$	711.0

	Initial		Measurement Period Adjustments			Preliminary December 31, 2019
Net Assets Acquired
Cash and cash equivalents	$	15.1	$	(3.7	)	$	11.4
Accounts receivable	16.5		(4.5		)	12.0
Unbilled services	26.5		(0.3		)	26.2
Inventories	4.5		—			4.5
Prepaid expenses and other	3.5		5.9			9.4
Property, plant and equipment (including ROU operating lease assets)	99.1		28.1			127.2
Deferred income taxes	25.5		(12.0		)	13.5
Goodwill	432.2		(52.9		)	379.3
Customer relationships	125.8		15.0			140.8
Trade name and trademarks	0.6		—			0.6
Other assets	9.9		—			9.9
Total assets acquired	759.2		(24.4		)	734.8
Accounts payable	15.4		(0.2		)	15.2
Accrued expenses and other	11.6		(1.5		)	10.1
Unearned revenue	49.9		—			49.9
Operating lease liabilities	15.0		(15.0		)	—
Other liabilities	66.3		(7.7		)	58.6
Total liabilities acquired	158.2		(24.4		)	133.8
Net Envigo assets acquired	601.0		—			$	601.0
Floating rate secured note receivable due 2022	110.0
Total	$	711.0

Years Ended December 31,

Net earnings attributable to Laboratory Corporation of America Holdings