WELL Health Sees CRH Take Majority Stake Of Two Anesthesia Practices

WELL Health Technologies Corp. (TSX: WELL) announced this morning that its recently acquired subsidiary CRH Medical Corporation has completed the acquisitions of 51% equity interest in Northern Indiana Anesthesia Associates and an add-on anesthesia practice in Bradenton, Florida.

These are the 35th and 36th acquisitions of CRH for 2021, respectively.

The Indiana-based group practice provides anesthesia services to an ambulatory surgical center in South Bend, Indiana. The practice has an estimated annual revenue of US$2.1 million with operating EBITDA margins of approximately 45%.

The acquisition of the Bradenton add-on practice will be part of CRH affiliate, FDHS Anesthesia. This move is also expected to immediately be accretive to CRH’s cashflows, with the practice representing an estimated annual revenue of US$1.2 million with operating EBITDA margins of approximately 45%.

Terms of the acquisitions were not released.

Earlier this month, CRH also closed an 85% equity interest acquisition of Connecticut-based anesthesia practice, New England Anesthesia Associates.

WELL Health Technologies Corp. last traded at $6.85 on the TSX.


Information for this briefing was found via Sedar and WELL Health Technologies Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Well Health Looks To Raise $30 Million At $3.70 Per Share

Never wanting to put a good cash-producing opportunity to waste, Well Health (TSX: WELL) this...

Thursday, May 12, 2022, 10:52:00 AM

Well Health Closes On 51% Acquisition Of Doctors Services Group

WELL Health Technologies Corp. (TSX: WELL) today announced that its wholly-owned subsidiary, DoctorCare, has finalized...

Wednesday, June 2, 2021, 08:32:11 AM

WELL Health Closes US$372.9 Acquisition Of CRH Medical

WELL Health Technologies (TSX: WELL) last night announced the closing of its transaction to acquire...

Friday, April 23, 2021, 07:16:26 AM

Well Health Begins Offering Direct To Consumer COVID-19 Antibody Tests In Ontario

Well Health Technologies (TSX: WELL) is getting on the COVID-19 testing trend. The company this...

Thursday, December 3, 2020, 08:17:28 AM

Well Health Reports New Record Patient Visits For Month Of January

Well Health (TSX: WELL) looked to stop the bleeding of its share price this morning...

Tuesday, March 15, 2022, 09:03:06 AM