Here’s what you should know:
1. The West Florida practice is the primary anesthesia provider for an ASC in West Florida.
2. This marks CRH’s fourth acquisition in Florida.
3. The West Florida practice has a total revenue of $3 million. The ASC was structured as a joint venture and CRH will retain its 55 percent ownership through the restructuring.
4. CRH CEO Edward Wright said in a release, “We are very excited to continue to grow our presence in Florida. I believe this will be the first of a series of transactions that we announce as we increase the pace of our acquisitions for the remainder of 2017.”
More articles on transactions/valuations:
11 ASCs opened or announced in July 2017
Baylor Scott & White, USPI purchase majority stake in Texas Spine & Joint Hospital — but still can’t expand inpatient beds: 5 things to know
HCA acquires 4 acute care hospitals from Tenet — 3 key notes
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