RE:RE:RE:RE:More M&A Coming - Don't Sleepuudamann wrote: When I see 'no competitive bidders' linked to 'perpetuity' and 'cash printing machine' in the same paragraph, I ask myself "we are still in Kansas?"
it runs in perpetuity because of the reasons I outlined - the doctors still own a minority share in the business so there is no risk to CRH of being cut out as being the anesthesia provider. very similar to what's been happening in the dental space in Canada the last few years.
there are no publicly traded companies or bidders of significance because large public companies aren't interested in joint ventures with Dr. Smith and his group of 3 ASCs in Florida. deal sizes are in the $2MM-$5MM range. CRH has pricing power which offers more $$$ to the GI doctors on an ongoing basis (access to cheaper supplies, pricing power with the insurers, etc).
it's a great business. try reading up on it before you just assume WELL has no idea what they're doing by entering the US.