CRH Medical Corporation Announces 2019 Fourth Quarter and Year-End Results
CRH MEDICAL CORP (CRHM)
NASDAQ:AMEX Investor Relations:
investors.crhsystem.com
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Source: PR Newswire
VANCOUVER, March 11, 2020 /PRNewswire/ - CRH Medical Corporation (TSX: CRH) (NYSE MKT: CRHM) ("CRH" or the "Company"), today announced financial and operating results for the year and three months ended December 31, 2019.Year-end highlights (all results expressed in USD):Total revenue of $120.4 million, an increase of 6.8% over 2018 Anesthesia services revenue of $110.3 million, an increase of 8.4% over 2018 Anesthesia patient cases of 345,393 increased 24.8% over 2018 Adjusted operating EBITDA of $51.7 million, a 42.9% adjusted operating EBITDA margin Free cash flow $29.2 million (cash from operating activities less distributions to non-controlling interest), an increase of 34.5% over 2018 Adjusted operating shareholder EBITDA of $36.6 million, an increase of 2.2% from 2018 Executed $200 million credit facility led by JPMorgan Chase Bank, N.A. Completed seven business development transactionsFourth quarter 2019 highlights:Total revenue of $30.4 million, down 5.2% from fourth quarter
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