WELL Health Technologies, a practitioner-focused digital health company, announced that subsidiary CRH Medical completed the acquisition of CarePlus Management.
Headquartered in Atlanta, CarePlus has three primary businesses: RADAR Healthcare Providers, which provides staffing and locum tenens services focused on anesthesia providers; Anesthesia services division, similar to CRH’s clinical anesthesia services and Premier Choice Billing, which provides billing, revenue cycle management and collection services for healthcare entities.
The transaction was fully funded by CRH’s cash on hand and credit facilities. Investors in CarePlus included Atlanta, Georgia based firms Fulcrum Equity Partners, a growth equity fund and Level Capital Partners, a private investment firm focused on the healthcare services and technology-enabled business services. Brentwood Capital Advisors acted as advisors to CarePlus. Read more.
