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WELL Health announced that it has re-branded CRH Medical Corporation as WELL Health USA. WELL Health USA s goal is to mirror WELL s mission of tech enabling. ....
WELL s CRH Medical Acquires Majority Stake in Two Anesthesia Practices News provided by Share this article Share this article 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. ....
WELL s CRH Medical Announces Acquisition of New England Anesthesia Associates News provided by Share this article Share this article 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 Completes Acquisition of CRH Medical News provided by Share this article Monumental acquisition significantly boosts WELL s revenue and EBITDA (1) profile, dramatically enhances its U.S. operations, and provides WELL with additional inorganic and organic growth opportunities. WELL s technology and shared services teams will work with CRH to help digitize and modernize operations in a manner similar to how WELL has executed in the primary healthcare space in Canada. CRH recently reported its audited Q4 2020 results with US$36.8M in quarterly revenue reflecting 21% YoY growth. CRH s adjusted operating EBITDA (2) for the same period was $16.1M, demonstrating strong 44% adjusted operating EBITDA margin ....