Operating Company Healthcare

CRH Medical

Atlanta, Georgia, United States

CRH Medical Corporation is a North American gastroenterology-focused healthcare company providing anesthesia and locum tenens staffing solutions for provider groups, hospitals, and ASCs, and supporting/distributing its proprietary CRH O’Regan System hemorrhoid banding technology including physician training and operational support.

Focus Areas
Gastroenterology-focused anesthesia services, Locum tenens and anesthesia staffing, Ambulatory surgical center (ASC) anesthesia support
Website
crhmedcorp.com

Tracked deals

5

5 tracked deals across 2020-2023.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

3 addon · 2 buyout

CRH Medical Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for CRH Medical. 1 2020 3 2021 1 2023

Supporting Data

Recent Transactions

  • WELL Health (via CRH Medical) Acquires CarePlus Management
    July 13, 2023
    Buyer
    WELL Health Technologies Corp., CRH Medical
    Target
    CarePlus Management
    Seller
    Fulcrum Equity Partners, Level Capital Partners
    Industry
    Healthcare Services
    Location
    Georgia, United States
    Type
    Addon

    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
    Buyer
    CRH Medical Corporation, CRH Anesthesia of Florida, LLC, WELL Health Technologies Corp.
    Target
    Destin Anesthesia, LLC, Pinellas County Anesthesia Associates, LLC
    Industry
    Healthcare Services
    Location
    Florida, United States
    Type
    Addon

    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.

  • CRH Medical (WELL Health) Acquires Majority Stakes in Two Anesthesia Practices
    May 27, 2021
    Buyer
    CRH Medical Corporation, WELL Health Technologies Corp.
    Target
    Northern Indiana Anesthesia Associates, LLC, FDHS Anesthesia, LLC
    Industry
    Healthcare Services
    Location
    United States
    Type
    Addon

    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
    Buyer
    CRH Medical Corporation, WELL Health Technologies Corp.
    Target
    New England Anesthesia Associates LLC
    Industry
    Healthcare Services
    Location
    Connecticut, United States
    Type
    Buyout

    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.

  • CRH Medical Acquires Stakes in Two Georgia Anesthesia Practices
    June 8, 2020
    Buyer
    CRH Medical Corporation
    Target
    Lake Lanier Anesthesia Associates, Oconee River Anesthesia Associates
    Industry
    Healthcare Services
    Location
    Georgia, United States
    Type
    Buyout

    CRH Medical Corporation acquired a 75% interest in Lake Lanier Anesthesia Associates (Gainesville, GA) and established a de novo joint venture owning 51% of Oconee River Anesthesia Associates (Athens, GA). The transactions are accretive to EBITDA and expand CRH’s anesthesia footprint in Georgia, adding services to multiple ambulatory surgery centers.

Related Acquisition Pages

Healthcare Services Buyers & Acquisitions 5 tracked deals by CRH Medical. Acquisitions in Georgia 2 tracked deals by CRH Medical. Acquisitions in Connecticut 1 tracked deal by CRH Medical. Acquisitions in Florida 1 tracked deal by CRH Medical.

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