CRH Medical acquires Tennessee gastroenterology anesthesia practice — 4 insights

CRH Medical acquired a gastroenterology anesthesia practice in Tennessee.

Here's what you should know:

1. The GI anesthesia practice provides services to one GI-focused ASC in the Tennessee Valley area.

2. CRH Medical used cash on hand to close the deal.

3. The Tennessee practice has an estimated revenue of $1.5 million and is cash-flow and EBITDA accretive.

4. CRH Medical CEO Edward Wright said, "The acquisition of Tennessee Valley is our second transaction in the state of Tennessee and our fifth transaction of 2018. We look forward to continue leveraging the strength of our existing anesthesia and O'Regan relationships to expand our anesthesia business further."

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