6. American HealthCare Lending Acquisition On January 23, 2015, Prosper acquired all of the outstanding limited liability company interests of AHL, and merged AHL with and into PHL, with PHL surviving the merger (the  Merger ). Under the terms of the purchase agreement, the sellers of AHL received an aggregate of $20.2 million in cash on the closing date and will receive $0.8M in cash one year after the closing date subject to general representations. PHL is a patient financing company for healthcare providers in the cosmetic, dentistry, bariatric surgery, fertility, plastic surgery and other markets. Prosper has included the financial results of PHL in the condensed consolidated financial statements from the date of acquisition. The amounts of net revenue and loss of PHL included in Prosper s condensed consolidated statement of operations from the merger date of January 23, 2015 to March 31, 2015 were $0.6 million and $0.3 million, respectively. Prosper recorded acquisition-related expenses of $0.2 million for the three months ended March 31, 2015, which is included in general and administrative expense. The preliminary purchase price allocation as of the merger date is as follows (in thousands): Fair Value Assets: Cash $ 1,219 Accounts Receivable 147 Property, equipment and software 6 Other assets 63 Identified intangible assets 3,520 Goodwill 16,825 Liabilities: Accrued expenses and other liabilities 708 Total purchase consideration $ 21,072 The allocation of the purchase price is preliminary and subject to further adjustment as information relative to closing date balances and related tax balances are finalized. The goodwill balance is primarily attributed to expected operational synergies and the combined workforce. Goodwill is expected to be deductible for U.S. income tax purposes. Intangible assets as of March 31, 2015 are as follows (in thousands): March 31, 2015 Gross Carrying Value Accumulated Amortization Net Carrying Value Remaining Useful Life (In Years) Customer relationships $ 2,650 $ (41 ) $ 2,609