Annual report pursuant to Section 13 and 15(d)

Subsequent Event

v2.4.0.6
Subsequent Event
12 Months Ended
Dec. 31, 2011
Subsequent Event [Abstract]  
Subsequent Event
13. Subsequent Event
In January 2012, we acquired substantially all of the operating assets of Vigilan, Incorporated (“Vigilan”). A provider of assisted living software-as-a-service, Vigilan products allow assisted living communities to monitor and schedule detailed care, manage labor costs, provide accurate billing as well as compliance tools through its comprehensive compliance module. We plan to integrate Vigilan with our existing senior living software solutions. We acquired Vigilan for a purchase price of $5.0 million consisting of a cash payment of $4.0 million and two additional cash payments of up to $0.5 million each due 12 months and 24 months after the acquisition date. Due to the timing of this acquisition, the purchase price allocation was not complete as of the date of this filing due to the pending completion of the valuation of intangible assets.