CRH Medical acquires 51% stake in Arapahoe Gastroenterology Anesthesia: 5 things to know

Vancouver, Canada-based CRH Medical acquired a 51 percent stake in Arapahoe Gastroenterology Anesthesia Associates.

Here are five things to know:

1. The deal markets CRH's first acquisition in Colorado, with AGAA providing a Littleton, Colo.-based ambulatory surgery center anesthesia services.

2. At the end of this year, AGAA projects to generate revenue reaching $2.6 million.

3. CRH Medical expects the acquisition to be accretive to the company's EBITDA and cash flow.

4. CRH Medical provides physicians products to treat various GI conditions.

5. Nearly two years ago, CRH Medical acquired Gastroenterology Anesthesia.

"The physicians of AGAA are CRH O'Regan System customers. This acquisition is another example of how we are leveraging our existing relationships to create growth opportunities for our anesthesia services business," said Edward Wright, CEO, CRH. "This acquisition in Colorado also continues to demonstrate our ability to expand our anesthesia services business to additional states, while still maintaining the ability to create seamless integrations onto our platform."

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