WELL Health Technologies Corp T.WELL

CRH Earnings

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08:31 AM EDT, 03/16/2021 (MT Newswires) -- CRH Medical Corporation (CRH.TO) reported (in US$) Q4 2020 total revenue of $36.8 million, an increase of 21% from Q4 2019. Anesthesia services revenue was $34.1 million, a 24% increase from Q4 2019.

Anesthesia patient cases were 108,681,15% increase YoY.

The company reported operating income of $3.8 million, compared with $2.55 million for the year ago quarter.

Tushar Ramani, CEO, said "We are pleased to report record fourth quarter revenue and shareholder EBITDA as the impact of COVID-19 on the facilities we serve has abated and they have returned to and remained at normal operating levels, yielding healthy organic growth in anesthesia case volumes and strong acquisition activity in the latter half of 2020. As we progress in 2021, we look forward to sustained operating volumes and continued execution of our market strategies."

Price: 4.8500, Change: 0.0000, Percent Change: 0.00

[monty613]

I think the key here is the strong Adj EBITDA to SH - the full year was obviously impacted by COVID but a run rate of ~$40MM/year is huge for WELL and will give the company some cashflow to leverage in the form of more debt for acquisitions Fourth quarter 2020 highlights (all results expressed in USD): Total revenue of $36.8 million, an increase of 21% from fourth quarter 2019