RE:87% Institutional Ownership
railbird wrote:
CRH Medical Corporation (NYSEMKT:CRHM) closed at $3.79 with trading volume of 18,218 million shares. The company fell -1.81% with market capitalization of 263.98 million. The stock’s institutional ownership stands at 87%. During the year, the lowest price at which share is traded was $3.73 and hit the highest price at $3.93.
CRH Medical Corporation NYSE:CRHM) reported the completion of a transaction whereby CRH has attained 51% ownership of Knoxville Gastroenterology Anesthesia Associates
KGAA provides anesthesia services to three ambulatory surgical centers in the Knoxville, Tennessee metropolitan area. KGAA is predictable to perform about 30,000 endoscopic procedures annually and generate anticipated revenues of about US$6,500,000 per year.
The consideration for CRH’s 51% ownership interest of KGAA consisted of a combination of cash on hand and 375,612 newly issued ordinary shares of CRH.
Yearly KGAA income estimated at US$6,500,000.First anesthesia joint venture structure for CRH (51% ownership stake).CRH expects strong organic growth within KGAA’s business. Associated GI practice has been a long-standing CRH O’Regan consumer.
https://www.wsnews4investors.com/stocks-research-report-winnebago-industries-inc-nysewgo-crh-medical-corporation-nysemktcrhm-delta-air-lines-inc-nysedal/173218/
18 billion shares...pretty good...lol..