Acquisitions |
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| Acquisitions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisitions | 15. Acquisitions
On March 31, 2026, Roto-Rooter completed two acquisitions, for one franchise in Texas for $17.36 million in cash and one franchise in California for $3.25 million in cash. On April 15, 2026, Roto-Rooter completed an acquisition for one franchise in New York for $930,000 in cash. On June 8, 2026, Roto-Rooter completed an acquisition for one franchise in Texas for $12.0 million in cash.
On January 3, 2025, Roto-Rooter completed the acquisition of one franchise in Michigan for $225,000 in cash.
Revenue and net income from acquisitions made in 2026 and 2025 are not material.
Goodwill is assessed for impairment on a yearly basis as of October 1. The primary factor that contributed to the purchase price resulting in the recognition of goodwill is operational efficiencies expected as a result of integrating the operations of the acquisitions into the organizational structure. All goodwill recognized is deductible for tax purposes.
Shown below is movement in Goodwill (in thousands):
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