Company: PHR
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001412408-25-000010
Chunk: 55

Company: Phreesia, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 55
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,000 Total fair value of acquisition consideration$8,871 $37,411 $13,946 $60,228 The acquisition-date fair value of equity consideration transferred was estimated using the closing stock price on the acquisition date for each acquisition. The acquisition-date fair value of liabilities incurred to sellers was estimated based on the timing of payments and an appropriate credit-adjusted discount rate of 9.3% per annum, determined with the assistance of a third-party appraiser. The Company accrues interest on the liability at 9.3% per annum. Until the settlement of the liability on January 31, 2025, the Company recorded $732 and $294 of interest expense on the liability incurred to sellers during the years ended January 31, 2025 and January 31, 2024, respectively. See Note 4 - Composition of certain financial statement captions for additional information regarding the settlement of the liabilities incurred to the sellers of ConnectOnCall.The following table summarizes the calculation of cash paid for each acquisition, net of cash acquired per the Company's consolidated statements of cash flows for the fiscal year ended January 31, 2024.MediFindAccessConnectOnCallTotalCash consideration paid to sellers$4,195 $6,766 $3,946 $14,907 Less: cash acquired(231)(80)(23)(334)Cash paid for acquisitions, net of cash acquired per statements of cash flows$3,964 $6,686 $3,923 $14,573 The purchase price was allocated to the tangible assets acquired, the identifiable intangible assets acquired and the liabilities assumed based on their acquisition-date estimated fair values or other measurement bases specified by ASC 805 - Business Combinations.The following table summarizes the allocation of the purchase price to the assets acquired and liabilities assumed at the date of each acquisition:MediFindAccessConnectOnCallTotalCash$231 $80 $23 $334 Accounts receivable149 1,870 244 2,263 Other current assets722 110 33 865 Identified intangible assets acquired2,300 18,300 2,000 22,600 Goodwill6,821 23,426 11,862 42,109 Total assets acquired$10,223 $43,786 $14,162 $68,171 Accounts payable(121)(196)(89)(406)Accrued liabilities(816)(884