Middle Arkansas Sedation Associates provides anesthesia services to one ASC in the area.
The practice has an estimated annual revenue of $1.4 million, and is both EBITDA and cash flow accretive.
The transaction marks CRH Medical’s move into the Arkansas market. CRH Anesthesia has completed three acquisitions in 2021 — 33 total — and operates 72 ASCs in 15 states, according to an April 1 news release.
Jay Kreiger, president of CRH Anesthesia, said, “We expect to remain active as we look to execute upon additional de novo and acquisition opportunities in order to continue to strengthen our anesthesia footprint.”
More articles on anesthetics:
How incorrectly documenting your anesthesia service can cost you your reimbursement
7 anesthesia company notes so far in 2021
Anesthesia market to hit $2.4B by 2025, market report says
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.