WELL Health Acquires CRH Medical Corporation

CRH Medical (WELL Health) Acquires Majority Stakes in Two Anesthesia Practices

May 27, 2021

Healthcare Services

CRH Medical Corporation, a wholly owned subsidiary of WELL Health Technologies, acquired 51% stakes in Northern Indiana Anesthesia Associates, LLC and an add-on Bradenton, Florida practice for FDHS Anesthesia, LLC. The two accretive add-ons have a combined annualized revenue run-rate of approximately US$3.3 million, add 16 practitioners, and expand CRH's anesthesia footprint across ambulatory surgical centers in the United States.

WELL / CRH Medical Acquires 85% Stake in New England Anesthesia Associates

May 1, 2021

Healthcare Services

WELL Health Technologies' wholly owned subsidiary CRH Medical Corporation acquired an 85% stake in New England Anesthesia Associates LLC, expanding CRH's anesthesia footprint into Connecticut. NEAA provides anesthesia services to an ambulatory surgical center in Guilford, Connecticut, has an estimated annualized revenue run-rate of approximately US$3.6 million with ~40% operating EBITDA margins, and adds 17 practitioners to CRH's network; the transaction was completed at under 5x trailing operating EBITDA.

WELL Health (via CRH Medical) Acquires CarePlus Management

July 13, 2023

Healthcare Services

WELL Health Technologies’ wholly owned subsidiary CRH Medical has completed the acquisition of Atlanta-based CarePlus Management, adding CarePlus’s RADAR recruitment/locum tenens staffing, anesthesia services across ASCs, and Premier Choice revenue cycle management capabilities to CRH’s portfolio. The deal expands CRH’s U.S. anesthesia footprint, adds provider recruitment and RCM capabilities, and increases WELL’s 2023 revenue guidance.

WELL/CRH Medical Acquires Majority Stakes in Destin Anesthesia and Pinellas County Anesthesia Associates

October 7, 2021

Healthcare Services

WELL Health’s U.S. subsidiary CRH Medical (through CRH Anesthesia of Florida, LLC) acquired majority stakes in two Florida anesthesia practices — 70% of Destin Anesthesia, LLC and 51% of Pinellas County Anesthesia Associates, LLC. The transactions expand CRH’s anesthesia footprint across ambulatory surgical and endoscopy centers in Florida and are immediately accretive to cashflows.

WELL Health Technologies Acquires Intrahealth Systems Limited

March 7, 2021

Healthcare Services

WELL Health Technologies Corp. agreed to acquire all outstanding shares of Intrahealth Systems Limited for approximately $19.25 million to expand its EMR product suite and accelerate international growth. The acquisition adds an enterprise-class EMR (Profile EMR) with strong recurring revenue (over 80%) and ~ $9M in trailing 12-month revenue, broadening WELL's footprint into New Zealand and Australia and enhancing cross-sell opportunities across the WELL EMR Group.

WELL Health Acquires ExecHealth Inc.

April 8, 2021

Healthcare Services

WELL Health Technologies Corp. agreed to acquire all issued and outstanding shares of ExecHealth Inc., an Ottawa-based omni-channel provider of primary, corporate and executive health services. The deal consideration includes CA$6.52M cash, CA$4.21M in WELL common shares and a performance-based earn-out of up to CA$1.89M; the transaction expands WELL's clinical footprint into Ontario and its premium corporate/executive health offering.