General form of registration statement for all companies including face-amount certificate companies

Business Combinations (Tables)

v3.23.1
Business Combinations (Tables)
12 Months Ended
Dec. 31, 2022
Business Combinations  
Summary of fair value of property and equipment acquired

Leasehold improvements

    

$

1,537

Furniture and fixtures

 

1,081

Computer equipment and software

 

3,066

Medical equipment

 

414

Software (development in process)

 

1,777

Total property and equipment

$

7,875

Summary of future consolidated results of operations

    

Year Ended

December 31,2021

(Unaudited)

Total operating revenue

$

793,447

Net loss

$

(259,282)

Net loss attributable to non-controlling interest

$

(214,167)

Net loss attributable to controlling interest

$

(45,115)

P3 LLC  
Business Combinations  
Summary of purchase consideration

Equity

    

$

80,301

Fair value of redeemable non-controlling interest

1,807,428

Stock compensation pre-combination services

 

26,313

Cash consideration

18,405

Payment of P3 LLC’s transaction costs

19,152

Total purchase consideration

$

1,951,599

Summary of purchase price allocation to assets and liabilities

Assets acquired:

Cash

    

$

5,301

Restricted cash

54

Health plan receivables

47,733

Clinic fees and insurance receivables, net

426

Other receivables

1,881

Prepaid expenses and other current assets

939

Property and equipment

7,875

Definite lived intangible assets:

Customer relationships

684,000

Provider network

3,700

Trademarks

147,700

Goodwill

1,278,453

Operating lease right-of-use assets(1)

10,604

Total assets acquired

2,188,666

Liabilities assumed:

Accounts payable and accrued expenses

25,819

Accrued payroll

2,869

Health plan settlements payable

25,008

Claims payable

76,031

Premium deficiency reserve

11,559

Accrued interest

9,269

Current portion of long-term debt

301

Operating lease liability

6,211

Long-term debt, net of current portion

80,000

Total liabilities assumed

237,067

Net assets acquired

$

1,951,599

(1)

Included within other long-term assets on the consolidated balance sheet.

Medcore Health Plan, Inc and Omni IPA Medical Group, Inc  
Business Combinations  
Summary of purchase price allocation to assets and liabilities

Successor

Predecessor

    

Period

  

  

Period

Assets acquired:

 

  

Cash

$

20,547

$

3

Restricted cash

 

302

 

Health plan receivables

 

5,754

 

Clinic fees and insurance receivables, net

 

141

 

Other receivables

 

726

 

Prepaid expenses and other current assets

 

1,190

 

Property and equipment

 

113

 

6

Definite lived intangible assets:

 

  

 

Customer relationships

 

 

2,046

Payor contracts

4,700

Provider network

 

1,100

 

Trademarks

 

900

 

Indefinite lived intangible assets:

Medical licenses

 

700

 

Goodwill

 

31,298

 

2,934

Total assets acquired

$

67,471

$

4,989

Liabilities assumed:

 

  

 

Accounts payable

 

150

 

Accrued payroll

 

277

 

Health plan settlements payable

 

133

 

Claims payable

 

26,898

 

Total liabilities assumed

 

27,458

 

Net assets acquired

$

40,013

$

4,989