WELL s CRH Medical Acquires Majority Stake in Two Anesthesia Practices
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CRH Medical Corporation ( CRH ), a wholly owned subsidiary of WELL Health, completes acquisitions of 51-per-cent stakes in both Northern Indiana Anesthesia Associates, LLC (
NIAA ) in Indiana, and an add-on practice for FDHS Anesthesia, LLC (
FDHS ) in Florida.
NIAA s current estimated annualized revenue run rate is approximately US$2.1 million, while FDHS s current estimated annualized revenue run rate is approximately US$1.2 million. Both companies combined revenue run rate of approximately US$3.3M has operating EBITDA margins of approximately 45%.
These two accretive acquisitions mark CRH Medical s 35th and 36th transactions respectively and increase CRH s footprint to a total 75 ambulatory surgical centers across the United States.
CRH Medical Corporation Announces Majority Acquisition of Middle Arkansas Sedation Associates, LLC
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CRH Medical Corporation (
CRH , or the Company ) (TSX: CRH) (NYSE MKT: CRHM) announces that it completed an accretive transaction whereby the Company has acquired a 51% interest in Middle Arkansas Sedation Associates, LLC ( MASA ), a gastroenterology anesthesia practice located in Little Rock, Arkansas.
MASA represents the Company s 33
rd acquisition, and provides anesthesia services to a single ambulatory surgery center. The transaction was financed through a combination of CRH s credit facility and cash on hand.
Financial Highlights:
Operating EBITDA margin of approximately 50%
Cash flow accretive
CRH Medical Corporation Announces Startup Joint Venture
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CRH Medical Corporation (
CRH , or the Company ) (TSX: CRH) (NYSE MKT: CRHM) today announces a startup joint venture ( JV ) where CRH owns a 51% interest in a gastroenterology anesthesia practice located in Largo, Florida. The JV services a single ambulatory surgery center ( ASC ).
CRH and its partners will contribute this entity into its existing JV with FDHS Anesthesia, LLC.
Financial Highlights:
EBITDA and cash flow accretive
Dr. Tushar Ramani, CEO of CRH, commented on the JV, We now provide services to 71 ambulatory surgery centers across 14 states, and we see ample opportunity for additional business development execution over the remainder of 2021.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
CRH Medical Corporation Announces Acquisition of Oak Tree Anesthesia Associates, LLC
February 9, 2021 GMT
VANCOUVER, BC, Feb. 9, 2021 /PRNewswire/ - CRH Medical Corporation (“CRH”, or the “Company”) (TSX: CRH) (NYSE MKT: CRHM), announces that it completed an accretive transaction whereby the Company has acquired Oak Tree Anesthesia Associates, LLC (“Oak Tree”), a gastroenterology anesthesia practice located in Edison, New Jersey.
Oak Tree represents the Company’s 32nd acquisition, and provides anesthesia services to a single ambulatory surgery center located in New Jersey. The transaction was financed through a combination of CRH’s credit facility and cash on hand.
CRH Medical Corporation Announces Completion of Majority Acquisition of FDHS Anesthesia, LLC prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.