CRH Medical acquires Florida gastroenterology anesthesia practice — 3 insights

Angie Stewart - Print  |

Vancouver, Canada-based CRH Medical Corp. bought a 51 percent stake in Crystal River (Fla.) Anesthesia Associates through an accretive transaction.

Three insights:

1. Crystal River is a gastroenterology anesthesia practice serving two ASCs. Its estimated annual revenue is $1.6 million.

2. CRH Medical financed the transaction through its credit facility and cash on hand.

3. Crystal River is CRH Medical's fifth acquisition in Florida and its 23rd anesthesia acquisition altogether.

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