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WELL's CRH Medical Completes Majority Stake Acquisitions of Two Anesthesia Practices in the State of Florida
WELL's CRH Medical Completes Majority Stake Acquisitions of Two Anesthesia Practices in t...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL's CRH Medical Completes Majority Stake Acquisitions of Two Anesthesia Practices in the State of Florida\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n \n \n \n \n \n \n PR Newswire\n \n \n \n \n \n CRH Medical Corporation (\"\n \n CRH\n \n \"), a wholly owned subsidiary of WELL Health, through its existing subsidiary CRH Anesthesia of\n \n Florida\n \n , LLC, has completed two majority stake acquisitions for 70% of Destin Anesthesia, LLC (\"\n \n \n Destin\n \n \n \") and 51% of Pinellas County Anesthesia Associates, LLC (\"\n \n PCAA\n \n \").\n \n \n \n Destin's\n \n current estimated annualized revenue run rate is approximately\n \n US$3.0M\n \n with EBITDA margins\n \n (1)\n \n of nearly 40%, while PCAA's current estimated annualized revenue run rate is approximately\n \n US$8.0 million\n \n with EBITDA margins\n \n (1)\n \n of approximately 50%.\n \n \n These two accretive acquisitions mark CRH's 9\n \n th\n \n and 10\n \n th\n \n transactions, respectively, in FY2021 and increase CRH's footprint to a total of 82 ambulatory surgical centers (ASCs) or endoscopy centers across\n \n the United States\n \n .\n \n \n These acquisitions also add 50 practitioners to CRH's team which had already exceeded 800 advanced healthcare practitioners who are all anesthesia providers.\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 7, 2021\n \n /PRNewswire/ -\n \n WELL Health Technologies Corp.\n \n (TSX: WELL) (the \"\n \n Company\n \n \" or \"\n \n WELL\n \n \"), a company focused on positively impacting health outcomes by leveraging technology to e...