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

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