Company: PHR
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001412408-25-000010
Chunk: 56

Company: Phreesia, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 56
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)(49)(1,749)Deferred revenue(292)(5,295)(78)(5,665)Deferred income tax liabilities(123)— — (123)Total purchase price$8,871 $37,411 $13,946 $60,228 

113

The components of intangible assets acquired in the MediFind Acquisition were as follows:Estimated Useful Life(in Years)Fair ValueTechnology7$1,200 Trademark15700 Customer relationships10400 Total identifiable intangible assets acquired$2,300 The weighted average amortization period for acquired intangible assets as of the date of the acquisition is 10 years.The components of intangible assets acquired in the Access Acquisition were as follows:Estimated Useful Life(in Years)Fair ValueTechnology7$5,200 Trademark152,400 Customer relationships1510,700 Total identifiable intangible assets acquired$18,300 The weighted average amortization period for acquired intangible assets as of the date of acquisition is 13 years.The components of intangible assets acquired in the ConnectOnCall Acquisition were as follows:Estimated Useful Life(in Years)Fair ValueTechnology5$1,500 Customer relationships15500 Total identifiable intangible assets acquired$2,000 The weighted average amortization period for acquired intangible assets as of the date of acquisition is 8 years.The Company, with the assistance of a third-party appraiser, assessed the fair value of the assets of MediFind, Access and ConnectOnCall. The fair value of the acquired technology and trademark assets were estimated using the relief from royalty method. The fair value of customer relationships was estimated using a multi-period excess earnings method. To calculate fair value, the Company used cash flows discounted at a rate considered appropriate given the inherent risks associated with each asset.The useful lives of the intangible assets were estimated based on the expected future economic benefit of the assets and are being amortized over the estimated useful life in proportion to the economic benefits consumed using the straight-line method. The amortization of intangible assets is not expected to be deductible for income tax purposes.The goodwill recognized in each of the acquisitions is primarily attributable to expected synergies of the combined businesses driven by integrating the license and technology into our solutions and engaging with patients and providers, as well as the acquisition of an assembled workforce. The goodwill recognized for the Access and ConnectOnCall acquisitions is expected to be tax deductible. The goodwill recognized for the MediFind acquisition is not expected to be tax deductible.During the year ended January