Primary Care Companies Are Aggressively Expanding in North America
Primary care companies, such as
Skylight Health Group Inc. (TSXV:SHG)(OTCQX:SHGFF),
Oak Street Health Inc. (NYSE:OSH),
WELL Health Technologies Corp. (TSX:WELL)(OTC:WLYYF),
1Life Healthcare Inc. (NASDAQ:ONEM), and
Jack Nathan Medical Corp. (TSXV:JNH) are quickly expanding throughout North America.
Even Amazon is opening health centers in five states to provide primary care to employees. “The goal of the health centers is to lower the cost of healthcare by encouraging employees and their family members to go to the centers for primary care instead of more expensive emergency rooms or urgent care centers,” reports Becker’s Hospital Review. Oak Street Health just announced it opened another center in Brooklyn, New York. Jack Nathan Medical Corp. also just announced the acquisition of four operational medical clinics, in Ontario.
CRH Medical Corporation Announces Majority Acquisition of Middle Arkansas Sedation Associates, LLC
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CRH Medical Corporation (
CRH , or the Company ) (TSX: CRH) (NYSE MKT: CRHM) announces that it completed an accretive transaction whereby the Company has acquired a 51% interest in Middle Arkansas Sedation Associates, LLC ( MASA ), a gastroenterology anesthesia practice located in Little Rock, Arkansas.
MASA represents the Company s 33
rd acquisition, and provides anesthesia services to a single ambulatory surgery center. The transaction was financed through a combination of CRH s credit facility and cash on hand.
Financial Highlights:
Operating EBITDA margin of approximately 50%
Cash flow accretive
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