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WELL's CRH Medical Acquires Majority Stake in Greater Washington Anesthesia
WELL's CRH Medical Acquires Majority Stake in Greater Washington Anesthesia Can...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL's CRH Medical Acquires Majority Stake in Greater Washington Anesthesia\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CRH Medical Corporation (\"\n \n CRH\n \n \"), a wholly owned subsidiary of WELL, completes majority stake acquisition for 51% of Greater Washington Anesthesia Associates, LLC.  (\"\n \n GWAA\n \n \")\n \n \n GWAA's current estimated annualized revenue run rate is approximately\n \n US$3.3 million\n \n and has operating EBITDA margins of approximately 50%.\n \n \n This accretive acquisition marks CRH's 37th transaction and increases CRH's footprint to a total of 77 endoscopy sites across the United States.\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Aug. 3, 2021\n \n /CNW/ -\n \n WELL Health Technologies Corp.\n \n (TSX: WELL) (\"\n \n WELL\n \n \" or the \"\n \n Company\n \n \"), a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, is pleased to announce its wholly owned subsidiary, CRH, has completed an accretive transaction of a 51% stake in Greater Washington Anesthesia Associates, LLC (\"\n \n GWAA\n \n \"), a provider of gastro-intestinal (GI) related anesthesia services at two locations in\n \n Northern Virginia\n \n .\n \n \n Dr.\n \n Tushar Ramani\n \n , CEO of CRH, commented, \"This marks our fourth acquisition since joining WELL and increases our footprint to a total of 77 endoscopy sites.  This is also our second acquisition in\n \n Virginia\n \n , and we look forward to serving our patients along with our GI partners in this growing region,  as we welcome the new practitioners to the CRH and WELL families.\"\n \n \n GWAA performs GI anesthesia services at two endoscopic surgery locations in\n \n Gainesville\n \n and\n \n Warrenton Virginia\n \n .  The majority acquisition of GWAA is expected to be immediately accretive to CRH's cashflows and represents an estimated current annual revenue run-rate of approximately\n \n US$3.3 million\n \n with operating EBITDA margins of approximately 50%.  This acquisitio...