CRH Medical nabs majority stake in ASC anesthesia provider — 3 key details

CRH Medical Corp. completed its fourth acquisition in Georgia.

Three key details:

1. The Vancouver, Canada-based company bought a majority interest in South Metro Anesthesia Associates, a practice in Locust Grove, Ga., that provides gastroenterology anesthesia services for two ASCs.

2. CRH Medical used a combination of its credit facility and cash on hand to purchase a 55 percent stake.

3. South Metro's estimated annual revenue is $1 million.

"Nationwide, South Metro represents our 22nd anesthesia acquisition and is a result of a referral from within our existing relationships," said CRH Medical CEO Tushar Ramani, MD. "Importantly, this acquisition confirms the value that gastroenterologists find in seeking partnerships with CRH, while further expanding our anesthesia business, and creating additional value for our shareholders."

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