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.
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News | May 5, 2021
WELL Health Offers Health Records On iPhone To Empower Patient Engagement, Becoming First Canadian EMR And Telehealth Platform To Offer Service In Canada
WELL Health today offers Health Records on iPhone, empowering patients to safely view and store their available medical records in the Health app on their iPhone with their privacy protected.
The Health Records feature creates a direct, encrypted connection between a patient s iPhone and one or more healthcare organizations, allowing users to access a centralized view of their allergies, conditions, immunizations, lab results, medications, procedures, and vitals across multiple providers and to be notified when their data is updated.
WELL s CRH Medical Announces Acquisition of New England Anesthesia Associates
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CRH Medical or CRH , a wholly owned subsidiary of WELL Health, completes the acquisition of an 85% stake in New England Anesthesia Associates LLC (
NEAA ).
NEAA s current estimated annualized revenue run-rate is approximately US$3.6 million with operating EBITDA
(1) margins equal to approximately 40% which is generally consistent with other similar acquisitions made by CRH.
This highly accretive acquisition marks CRH s fourth acquisition transaction so far in 2021 and represents the company s entry into Connecticut which increases its footprint to 16 states across the United States.
WELL Health Technologies Corp.
10:37 AM EST - WELL Health Technologies Corp. : Announced Health Records on iPhone is now rolling out for clinicians and patients across WELL s primary care clinics, EMR network, Tia Health virtual care service and apps.health marketplace. Health Records on iPhone allows patients to securely view and store their own available medical records from multiple providers right in the Apple Health app on their iPhone or iPod touch, with their privacy and data protected at all times. Delivering on patient-centric healthcare and patient enablement is a big part of WELL s overarching mission and vision. For this reason, we are delighted to be the first telehealth and Canadian EMR platform in Canada to offer Health Records and enable patients to download and view their health information on iPhone, said Hamed Shahbazi , Chairman and CEO of WELL. Providing patients with an easy and convenient method to get access to their available health records right