Annual report pursuant to Section 13 and 15(d)

Business Acquisitions (Tables)

v3.22.4
Business Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Recognized Identified Assets Acquired and Liabilities Assumed
The acquisition-date fair value of Higi has been allocated as follows:

Recognized values on acquisition
$‘000
Carrying value of existing equity interest
 10,536 
Gain on remeasurement of existing equity interest 4,640 
Fair value of non-controlling interest 44,810 
Acquisition date fair value of Higi 59,986 
Accounts receivable 2,314 
Property, plant and equipment 17,618 
License arrangements 2,700 
Trade names 3,150 
Developed technology 6,000 
Deferred tax liability (730)
Other assets and liabilities, net (5,982)
Net assets acquired
 25,070 
Goodwill
 34,916 
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