VANCOUVER, BC, March 11, 2021 /PRNewswire/ – CRH Medical Corporation (“CRH“, or the “Company”) (TSX: CRH) (NYSE MKT: CRHM) today announces a startup joint venture (“JV”) where CRH owns a 51% interest in a gastroenterology anesthesia practice located in Largo, Florida. The JV services a single ambulatory surgery center (“ASC”).
CRH and its partners will contribute this entity into its existing JV with FDHS Anesthesia, LLC.
- Estimated annual revenue of US $1.7 million
- EBITDA and cash flow accretive
Dr. Tushar Ramani, CEO of CRH, commented on the JV, “We now provide services to 71 ambulatory surgery centers across 14 states, and we see ample opportunity for additional business development execution over the remainder of 2021.”