CRH Medical completed a new, accretive transaction whereby CRH has acquired 65 percent ownership of Macon Gastroenterology Anesthesia Associates.
Here are five observations:
1. CRH Medical is a North American medical company that provides physicians with innovative products and services for the treatment of gastrointestinal diseases.
2. MGAA provides anesthesia services to an ambulatory surgery center in the Macon, Ga., area.
3. The transaction builds on CRH's significant presence in Georgia.
4. MGAA is expected to generate total annual revenue of $3.5 million.
5. CEO of CRH, Edward Wright, said the company has continued to build a significant level of understanding of the U.S. GI anesthesia market and believe this and future transactions will continue to create value for CRH's shareholders over both the immediate and long-term.