Globe & Mail 08:26 AM EDT, 05/27/2021 (MT Newswires) -- WELL Health Technologies Corp. (WELL.TO) said Thursday that its CRH Medical Corp. subsidiary acquired a 51% stake in Northern Indiana Anesthesia Associates, LLC as well as an add-on practice in Bradenton, Florida.
Both companies' combined revenue run rate of approximately US$3.3 million has operating EBITDA margins of about 45%.
WELL said the two acquisitions mark CRH Medical's 35th and 36th transactions, respectively, and increase CRH's footprint to a total 75 ambulatory surgical centers across the U.S.
The acquisitions also add 16 practitioners to CRH's team, which had already exceeded 800 healthcare practitioners who are mostly anesthesia providers.
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