CRH Medical Corporation Announces Completion of Majority Acquisition of Triad Sedation Associates, LLC
CRH MEDICAL CORP (CRHM)
NASDAQ:AMEX Investor Relations:
investors.crhsystem.com
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Source: PR Newswire
VANCOUVER, Nov. 19, 2019 /PRNewswire/ - CRH Medical Corporation (the "Company") (TSX: CRH) (NYSE MKT: CRHM), announces that it has exercised its option, effective November 1, 2019, completing an accretive transaction whereby the Company now holds a 51% interest in a gastroenterology ("GI") anesthesia practice in Winston-Salem, North Carolina ("Triad Sedation"). CRH initially held a minority equity stake in the practice, while retaining the exclusive right to develop and manage the monitored anesthesia care ("MAC") program with Digestive Health Specialists ("DHS"). Triad Sedation is CRH's second MAC program to be completed. The Company announced in October 2018 that it would develop the program and retain an option to acquire a 51% interest in the new anesthesia practice.Triad Sedation provides anesthesia services to five GI ambulatory surgical centers and represents CRH's second acquisition in the state of North Carolina. CRH financed the transaction through a combination of CRH's cre
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