Here are three insights:
1. CRH Medical acquired the entire practice in an accretive transaction financed through CRH’s credit facility and cash on hand.
2. Lake Erie provides anesthesia services to two GI ASCs. The practice’s estimated annual revenue is $2.1 million.
3. This is CRH’s fourth anesthesia acquisition this year and its second in Ohio, according to CRH CEO Edward Wright.
More articles on gastroenterology:
Drs. Khalid Moussa, David Boon & more: 6 GI physicians making headlines
‘The best screening test is the one that gets done:’ 5 Qs with professional golfer Tom Lehman, CRC survivor
GI leader to know: Dr. Ashish Nimgaonkar of Johns Hopkins Medicine
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.