Quarterly report pursuant to Section 13 or 15(d)

Acquisitions and Noncontrolling Interest

v3.8.0.1
Acquisitions and Noncontrolling Interest
9 Months Ended
Sep. 30, 2017
Business Combinations [Abstract]  
Acquisitions and Noncontrolling Interest
Acquisitions and Noncontrolling Interest

In August 2017, the Company acquired the remaining 32% interest of U.S. Medical Management (USMM), a management services organization and provider of in-home health services for high acuity populations, for $86 million in total consideration. The transaction consideration consisted of $33 million of cash, $33 million of deferred consideration and $20 million related to the settlement of a receivable from the former noncontrolling interest holder.

Redeemable Noncontrolling Interest

As a result of put option agreements, noncontrolling interest is considered redeemable and is classified in the Redeemable Noncontrolling Interest section of the Consolidated Balance Sheets.

A reconciliation of the changes in the Redeemable Noncontrolling Interest is as follows ($ in millions):

Balance, December 31, 2016
 
$
145

 
Noncontrolling interest purchased related to USMM
 
(115
)
 
Contribution from redeemable noncontrolling interest
 
2

 
Net losses attributable to noncontrolling interests
 
(12
)
Balance, September 30, 2017
 
$
20