CRH Medical has announced two transactions to provide anesthesia services to four ambulatory surgery centers in Florida and North Carolina.
The first transaction involves the acquisition of an anesthesia provider servicing three ASCs, and is effective immediately. The second transaction represents a new anesthesia services customer and will be effective in May 2015. These transactions are expected to increase annual revenue by an estimated $2.5 million.
"In early December 2014, we announced our entry into the U.S. gastroenterology anesthesia services market in what we expected would be the first of a number of transactions. We are pleased to report today that we have added significant new procedural volume to our business.These transactions allow us to scale our current business and leverage existing infrastructure to provide increased efficiencies that will benefit both CRH and our GI partners and their patients. We believe that we will have additional opportunities to grow our anesthesia business in the future," said Edward Wright, CEO of CRH.
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