WELL Health Technologies announced today that it’s wholly owned subsidiary, CRH Medical, has acquired 70% of Destin Anesthesia and 51% of Pinellas County Anesthesia Associates, both in ?Florida.
Destin provides anesthesia services to an ambulatory surgical center in Destin, Florida and represents CRH’s 38th transaction. The acquisition of Destin Anesthesia is expected to be immediately accretive to CRH’s cashflows, with an estimated current annual revenue run-rate of approximately $3 million with operating EBITDA margins of nearly 40%.
The West Florida-based PCAA provides anesthesia services to four endoscopy ASCs and represents CRH’s 39th transaction. The acquisition is expected to be immediately accretive to CRH’s cashflows and represents an estimated current annual revenue run-rate of approximately $8 million with operating EBITDA margins of approximately 50%.
