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/PRNewswire/ - WELL Health Technologies Corp. (the "Company" or "WELL") (TSX: WELL), a company focused on consolidating and modernizing clinical and digital.
/PRNewswire/ - WELL Health Technologies Corp. (TSX: WELL) ("WELL" or the "Company"), a company focused on consolidating and modernizing clinical and digital.
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.