CRH Medical acquires Anesthesia Care Associates — 4 insights

CRH Medical Corp. acquired Evansville, Ind.-based Anesthesia Care Associates, a gastroenterology anesthesia practice.

Here's what you should know:

1. Anesthesia Care Associates provides anesthesia services to an unspecified GI ASC in Indiana.

2. CRH used cash and its credit facility to finance the transaction.

3. Anesthesia Care Associates has an estimated annual revenue of $2.6 million. The practice is both cash flow and EBITDA accretive.

4. CRH Medical CEO Edward Wright said, "We are very pleased to begin 2019 with our 21st anesthesia acquisition and look forward to continue leveraging the strength of our existing anesthesia and O'Regan relationships in expanding our anesthesia business and creating value for our shareholders."

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