CRH Medical Corporation Announces the Acquisition of Tennessee Valley Anesthesia Associates
CRH MEDICAL CORP (CRHM)
NASDAQ:AMEX Investor Relations:
investors.crhsystem.com
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Source: PR Newswire
VANCOUVER, Dec. 3, 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 a gastroenterology ("GI") anesthesia practice in Tennessee ("Tennessee Valley"). 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 accretiveEdward 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".About CRH Medical Corporation: CRH Medical Corporation is a North American company focused on providing gastroenterologists throughout the United Stat
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