Babylon Holdings Limited Registration statement for securities of certain foreign private issuers

Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

The aggregate purchase price of the acquisition has been allocated on a preliminary basis as follows:


	2021
	$’000
Cash paid, net of cash acquired		13,835
Issuance of warrants		2,349

Aggregate purchase price		16,184

Accounts receivable		1,534
Customer relationships		10,800
Physician’s network		3,500
Trademark		1,900
License		590
Healthcare related liabilities		(11,247	)
Other assets and liabilities, net		(4,364	)

Net assets acquired		2,713

Amount allocated to goodwill		13,471

The estimated 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

Effect of acquisition

The acquisition had the following effect on the Group’s assets and liabilities.


	Recognized values on acquisition
	$‘000
Acquiree’s net assets at the acquisition date:
Intangible assets		940
Working capital		27
Cash and cash equivalents		4,230
Deferred tax liabilities		(160	)
Debt		(1,098	)

Net identifiable assets and liabilities		3,939
Goodwill		61

Consideration paid		4,000