CRH Medical Corporation, announces that it has completed an accretive transaction whereby the Company has acquired Anesthesia Care Associates, LLC, a gastroenterology anesthesia practice located in Indiana.
Anesthesia Care Associates, LLC is the company’s first acquisition in the state of Indiana and provides anesthesia services to one GI ambulatory surgical center. The transaction was financed through a combination of CRH’s credit facility and cash on hand.
Anesthesia Care Associates Transaction Highlights:
- 100% acquisition
- Estimated annual revenue of US$2.6M
- EBITDA and cash flow accretive
Edward Wright, CEO of CRH, commented on the transaction, “Anesthesia Care Associates extends our footprint to the state of Indiana, and once again shows the value of our existing O’Regan customer relationships. We are very pleased to begin 2019 with our 21st anesthesia acquisition and look forward to continue leveraging the strength of our existing anesthesia and O’Regan relationships in expanding our anesthesia business, and creating value for our shareholders”.
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Date: January 7, 2019
Source: Cision
