CRH Medical Corp. acquired a 51 percent interest in a gastroenterology anesthesia practice in Central Colorado.
Here's what you should know:
1. The Colorado practice provides services to three Colorado ASCs. This is CRH's second acquisition in Colorado.
2. The Colorado practice has an estimated revenue of $5.6 million in 2018.
3. The center is structured as a joint venture. CRH will retain 51 percent interest.
4. CRH CEO Edward Wright said in a release, "This is further evidence of our ability to leverage our strong relationships to grow our anesthesia business. As we have stated before, our acquisition pace during the remainder of the year is increasing and I look forward to updating you on our progress as we grow further."
5. CRH acquired a separate gastroenterology anesthesia practice in August.