Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 74

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 74
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2024, Kaplan acquired one small business which is included in its international division.During 2023, the Company acquired five businesses: three in healthcare, one in automotive, and one in other businesses for $83.3 million in cash and contingent consideration and the assumption of floor plan payables. The assets and liabilities of the companies acquired were recorded at their estimated fair values at the date of acquisition.In January 2023, GHG acquired two small businesses which are included in healthcare.In July 2023, the Company acquired one small business which is included in other businesses.In September 2023, the Company’s automotive subsidiary acquired a Toyota automotive dealership, including the real property for the dealership operations. In addition to a cash payment and the assumption of $2.2 million in floor plan payables, the automotive subsidiary borrowed $37.0 million to finance the acquisition. The dealership is operated and managed by an entity affiliated with Christopher J. Ourisman, a member of the Ourisman Automotive 

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Group family of dealerships. This acquisition expands the Company’s automotive business operations and is included in automotive.In December 2023, GHG acquired one small business which is included in healthcare. During 2022, the Company acquired seven businesses: five in healthcare and two in automotive, for $143.2 million in cash and contingent consideration and the assumption of floor plan payables. The assets and liabilities of the companies acquired were recorded at their estimated fair values at the date of acquisition.In May 2022, GHG acquired two small businesses which are included in healthcare.On July 5, 2022, the Company’s automotive subsidiary acquired two automotive dealerships, including the real property for the dealership operations. In addition to a cash payment and the assumption of $10.9 million in floor plan payables, the automotive subsidiary borrowed $77.4 million to finance the acquisition. The dealerships are operated and managed by an entity affiliated with Christopher J. Ourisman, a member of the Ourisman Automotive Group family of dealerships. These acquisitions expand the Company’s automotive business operations and are included in automotive.In July 2022, GHG acquired a 100% interest in a multi-state provider of Applied Behavior Analysis (ABA) clinics, now known as Surpass Behavioral Health. The acquisition is expected to expand the product offerings of the healthcare division and is included in healthcare.In August 2022, GHG acquired two small businesses which are included in healthcare. Acquisition-related costs for acquisitions that closed during 2023