CRH Medical acquired controlling interest in a gastroenterology anesthesia practice in Raleigh, N.C.
Here's what you should know:
1. The anesthesia practice services three North Carolina-based ASCs.
2. CRH financed the acquisition through credit and cash on hand.
3. The center has a projected revenue of $5.3 million for fiscal year 2018. The center is both EBITDA and cash flow accretive.
4. The acquisition was structured as a joint venture with CRH controlling 51 percent.
CRH CEO Edward Wright said in a release, "We are thrilled to partner with Raleigh ... to grow our operations in North Carolina. This is our fifth acquisition this year and it brings us closer to achieving our anesthesia expansion objectives for 2017."