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CRH Medical acquires Lake Erie Sedation Associates

Vancouver, British Columbia-based CRH Medical Corp. has acquired Lake Erie Sedation Associates, based in Northeastern Ohio, for an undisclosed amount.

The healthcare services provider financed the transaction through its existing credit facility and cash on hand.

Lake Erie Sedation Associates, which provides anesthesia services to two gastroenterology ambulatory surgical centers, has an estimated annual revenue of $2.1 million.

CRH Medical previously acquired a majority stake in another Ohio-based gastroenterology anesthesia practice. The company has acquired several other similar businesses in Washington, Louisiana, Colorado, Florida and Georgia.