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WELL s CRH Medical Acquires Majority Stake in Two Anesthesia Practices News provided by Share this article Share this article CRH Medical Corporation ( CRH ), a wholly owned subsidiary of WELL Health, completes acquisitions of 51-per-cent stakes in both Northern Indiana Anesthesia Associates, LLC ( NIAA ) in Indiana, and an add-on practice for FDHS Anesthesia, LLC ( FDHS ) in Florida. NIAA s current estimated annualized revenue run rate is approximately US$2.1 million, while FDHS s current estimated annualized revenue run rate is approximately US$1.2 million. Both companies combined revenue run rate of approximately US$3.3M has operating EBITDA margins of approximately 45%. These two accretive acquisitions mark CRH Medical s 35th and 36th transactions respectively and increase CRH s footprint to a total 75 ambulatory surgical centers across the United States.

United statesSouth bendBritish columbiaTushar ramaniJay kregerHamed shahbaziCrh medical corporationInternational financial reporting standardsToronto stock exchangeNorthern indiana anesthesia associatesHealth technologies corpManagement discussionExecutive officerElectronic medical recordsNorth americanO regan system