Babylon Holdings Limited Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

The acquisition-date fair value of Higi has been allocated on a preliminary basis as follows:


			Recognized values on acquisition
			$‘000
Carrying value of existing equity interest			11,274
Gain on remeasurement of existing equity interest			10,495
Fair value of non-controlling interest			64,274
Acquisition date fair value of Higi			86,043
Accounts receivable			2,314
Property, plant and equipment			17,618
License arrangements			2,650
Trade names			3,100
Developed technology			5,900
Deferred tax liability			(730)
Other assets and liabilities, net			(5,983)
Net assets acquired			24,869
Goodwill			61,174

The estimated fair value of assets acquired as of the acquisition date were as follows:


			Recognized values on acquisition
			$‘000
Cash paid, net of cash acquired			13,798
Issuance of warrants			2,349
Aggregate purchase price			16,147
Accounts receivable			751
Customer relationships			11,600
Physician’s network			3,500
Trademark			1,900
License			590
Claims payable			(13,436)
Deferred tax liability			(2,610)
Other assets and liabilities, net			(817)
Net assets acquired			1,478
Goodwill			14,669

The fair value of assets acquired as of the acquisition date were as follows:


			Recognized values on acquisition
			$‘000
Acquiree’s net assets at the acquisition date:
Intangible assets			7,900
Right-of-use asset			153
Lease liability			(153)
Net identifiable assets and liabilities			7,900
Goodwill			17,771
Consideration paid			25,671