CRH Medical Corporation Announces Purchase of Remaining Ownership in Lake Lanier Anesthesia Associates

CRH has announced that it has completed an accretive transaction whereby the Company has acquired the remaining 25% interest in Lake Lanier Anesthesia Associates (“LLAA”) a gastroenterology anesthesia practice located in Georgia. CRH initially acquired 75% of LLAA in June of 2020.

This transaction will increase adjusted operating EBITDA attributable to shareholders, as CRH now owns 100% of LLAA. This transaction was financed through a combination of CRH’s credit facility and cash on hand.

Jay Kreger, President of CRH Anesthesia, added, “Our initial partnership with LLAA has proven to be a highly successful venture, giving both CRH and our partners at LLAA the conviction and trust necessary to move forward with full alignment. Moreover, we think the two-step approach we have employed with LLAA is a great example of the flexible and differentiated model that we can employ towards business development.”

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