CRH PLC T.CRH

Primary Symbol: CRH

Building Materials Building Materials

CRH PLC is a provider of building materials solutions. The Company integrates building materials, products, and services by providing them to customers as complete solutions. Its segments include Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions and Europe Building Solutions. The Americas Materials Solutions segment provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings in North America. The Americas Building Solutions segment manufactures, supplies, and delivers solutions for the built environment in communities across North America. The Europe Materials Solutions segment provides solutions for the construction of public infrastructure and commercial and residential buildings to customers in construction markets in Europe. The Europe Building Solutions segment combines materials, products, and services to produce a range of architectural and infrastructural solutions.

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Post by monty613on May 16, 2019 2:27pm

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Post# 29752167

CRH Announces Majority Purchase of South Metro Anesthesia

https://www.newswire.ca/news-releases/crh-medical-corporation-announces-majority-purchase-of-south-metro-anesthesia-817290657.html

VANCOUVER, May 16, 2019 /CNW/ - CRH Medical Corporation (the "Company") (TSX: CRH) (NYSE MKT: CRHM), announces that it has completed an accretive transaction whereby the Company has acquired a 55% interest in South Metro Anesthesia Associates, LLC ("South Metro"), a gastroenterology anesthesia practice located in Georgia.
South Metro is the company's fourth acquisition in the state of Georgia and provides anesthesia services to two GI ambulatory surgery centers. The transaction was financed through a combination of CRH's credit facility and cash on hand.

South Metro Transaction Highlights:

Estimated annual revenue of US$1.0M

EBITDA and cash flow accretive

Dr. Tushar Ramani, CEO of CRH, commented on the transaction, "We are pleased to announce this latest acquisition, as we continue to execute on our pipeline of opportunities. South Metro Anesthesia Associates is now our 4th group in Georgia, further extending our footprint in the state. Nationwide, South Metro represents our 22nd anesthesia acquisition and is a result of a referral from within our existing relationships. Importantly, this acquisition confirms the value that gastroenterologists find in seeking partnerships with CRH, while further expanding our anesthesia business, and creating additional value for our shareholders."