Globe & Mail 10:19 AM EDT, 08/03/2021 (MT Newswires) -- WELL Health Technologies Corp. (WELL.TO), a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, said Tuesday that its CRH Medical subsidiary completed its acquisition of a 51% stake in Greater Washington Anesthesia Associates, LLC, a provider of gastro-intestinal-related anesthesia services in Virginia.
WELL Health, which at last look lost 1.4% in early Tuesday trading, said the transaction marked CRH's fourth acquisition since joining WELL Health and increased its endoscopy sites to 77.
The acquisition is expected to be immediately accretive to CRH's cashflows and represents an estimated current annual revenue run-rate of about US$3.3 million with operating EBITDA margins of about 50%.
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