CRH Medical Corporation Announces the Acquisition of Anesthesia Care Associates
CRH MEDICAL CORP (CRHM)
NASDAQ:AMEX Investor Relations:
investors.crhsystem.com
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Source: PR Newswire
VANCOUVER, Jan. 2, 2019 /PRNewswire/ - CRH Medical Corporation (the "Company") (TSX: CRH) (NYSE MKT: CRHM), 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 accretiveEdward 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 leveragin
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