CRH Medical Corporation Announces Purchase of remaining ownership in Central Colorado Anesthesia Associates
CRH MEDICAL CORP (CRHM)
NASDAQ:AMEX Investor Relations:
investors.crhsystem.com
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Source: PR Newswire
VANCOUVER, Sept. 3, 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 the remaining 49% interest in Central Colorado Anesthesia Associates, LLC, ("CCAA") a gastroenterology anesthesia practice located in Colorado. CRH initially acquired 51% of this practice in September of 2017. This transaction will increase adjusted operating EBITDA attributable to shareholders, as CRH now owns 100% of CCAA. This transaction was financed through a combination of CRH's credit facility and cash on hand.Dr. Tushar Ramani, CEO of CRH, commented on the transaction, "We are pleased to announce our latest transaction in Colorado. CCAA represents one of our premier GI Anesthesia partnerships, and we are grateful for the opportunity to extend it further with this second transaction. With additions like this one, CRH remains well on its way toward its stated growth goals for 2019
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