CRH Medical Corporation, announces that it has completed an accretive transaction whereby the Company has acquired a gastroenterology anesthesia practice in Tennessee.
Tennessee Valley provides anesthesia services to one GI ambulatory surgical center. The transaction was financed through cash on hand.
Tennessee Valley Transaction Highlights:
- Estimated annual revenue of US$1.5M
- EBITDA and cash flow accretive
Edward Wright, CEO of CRH, commented on the transaction, “The acquisition of Tennessee Valley is our second transaction in the state of Tennessee and our fifth transaction of 2018. We look forward to continue leveraging the strength of our existing anesthesia and O’Regan relationships to expand our anesthesia business further”.
Want to publish your own articles on DistilINFO Publications?
Send us an email, we will get in touch with you.
Date: December 10, 2018
Source: Yahoo Finance