Acquisitions (Details Narrative) - USD ($) |
6 Months Ended | |||
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Jun. 01, 2018 |
Jan. 31, 2018 |
Jan. 13, 2017 |
Jun. 30, 2018 |
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Acquisition on assets, description | The hospital, known as Jamestown Regional Medical Center, is a fully operational 85-bed facility of approximately 90,000 square feet on over eight acres of land, and offers a 24-hour emergency department with two spacious trauma bays and seven private exam rooms, inpatient and outpatient medical services and a progressive care unit which provides telemetry services. | |||
Purchase price paid | $ 635,096 | |||
Fair value of tangible assets acquired | 7,347,467 | |||
Cash acquired from acquisition | 635,096 | |||
Asset Purchase Agreement [Member] | ||||
Acquisition on assets, description | The purchase was completed on June 1, 2018. The hospital was acquired by a newly formed subsidiary, Jamestown TN Medical Centre, Inc. and is an 85-bed facility of approximately 90,000 square feet on over eight acres of land, which offers a 24-hour Emergency Department with two spacious trauma bays and seven private exam rooms, inpatient and outpatient medical services and a Progressive Care Unit which provides telemetry services. | |||
Purchase price paid | $ 1,000,000 | 635,096 | ||
Cash consideration | 35,735 | |||
Purchase Agreement [Member] | ||||
Purchase price paid | $ 7,100,000 | |||
Fair value of assets acquired and liabilities assumed | 8,400,000 | |||
Fair value of tangible assets acquired | 7,700,000 | |||
Cash acquired from acquisition | 1,100,000 | |||
Legal costs | $ 115,000 |
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- Definition Acquisition on assets, description. No definition available.
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- Definition The amount, measured at acquisition-date fair value, of all the assets acquired that arise from contingencies and were recognized by the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of property, plant, and equipment recognized as of the acquisition date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow associated with the acquisition of business during the period (for example, cash that was held by the acquired business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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