Quarterly report pursuant to Section 13 or 15(d)

Acquisitions

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Acquisitions
9 Months Ended
Sep. 30, 2011
Acquisitions [Abstract]  
Acquisitions

2. Acquisitions

 

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Casenet, LLC. In December 2010, the Company acquired an additional ownership interest in Casenet, LLC for total consideration of $6,619, bringing its ownership interest to 68%. The Company finalized the allocation of the fair value which resulted in goodwill of $8,975, other identifiable intangible assets of $3,561 and unearned revenue of $7,247. All of the goodwill is deductible for income tax purposes. During the third quarter of 2011, the Company increased its ownership interest in Casenet to 77% through additional investments.

 

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Citrus Health Care, Inc. In December 2010, the Company acquired certain assets in non-reform counties of Citrus Health Care, Inc., a Florida Medicaid and long term care health plan for $28,689. The Company finalized the allocation of the fair value which resulted in goodwill of $19,069 and other identifiable intangible assets of $9,620. All of the goodwill is deductible for income tax purposes.