Here’s what you should know:
1. The anesthesia practice services three North Carolina-based ASCs.
2. CRH financed the acquisition through credit and cash on hand.
3. The center has a projected revenue of $5.3 million for fiscal year 2018. The center is both EBITDA and cash flow accretive.
4. The acquisition was structured as a joint venture with CRH controlling 51 percent.
CRH CEO Edward Wright said in a release, “We are thrilled to partner with Raleigh … to grow our operations in North Carolina. This is our fifth acquisition this year and it brings us closer to achieving our anesthesia expansion objectives for 2017.”
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