CRH Medical Corporation Announces the Acquisition of Lake Erie Sedation Associates
CRH MEDICAL CORP (CRHM)
NASDAQ:AMEX Investor Relations:
investors.crhsystem.com
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Source: PR Newswire
VANCOUVER, Sept. 4, 2018 /PRNewswire/ - CRH Medical Corporation (the "Company") (TSX: CRH) (NYSE MKT: CRHM), announces that it has completed an accretive transaction whereby the Company has acquired 100% of a gastroenterology ("GI") anesthesia practice in Northeastern Ohio ("Lake Erie"). Lake Erie provides anesthesia services to two GI ambulatory surgical centers. The transaction was financed through a combination of CRH's credit facility and cash on hand. Lake Erie Transaction Highlights:Estimated annual revenue of US$2.1MEBITDA and cash flow accretiveEdward Wright, CEO of CRH, commented on the transaction, "Lake Erie, who's affiliated physicians are an existing O'Regan customer, is our fourth anesthesia acquisition of 2018 and our second transaction in the state of Ohio. We look forward to continue leveraging the strength of our O'Regan relationships, and our existing anesthesia partners, to continue growing our anesthesia business".About CRH Medical Corporation: CRH Medical Corpora
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