CRH Medical Corp. acquired Florida Panhandle Anesthesia Associates, a gastroenterology anesthesia practice serving one GI ASC.
What you should know:
1. CRH acquired 51 percent of the practice, which touts estimated annual revenues of $2 million and is both EBITDA and cash-flow accretive.
2. This is the company's sixth acquisition in Florida.
3. CRH financed the transaction using cash on hand and its credit facility.
4. CRH Anesthesia President Jay Kreger said a current CRH partner relayed that the practice was for sale.