Toronto, Canada-based CRH Medical is a niche business that provides colonoscopy anesthesia services, according to Shawn Allen, a contributing editor to Internet Wealth Builder.
Mr. Allen shared three insights on the company's strategy:
1. CRH Medical completed six "relatively small" acquisitions in 2019 and continues to grow by acquiring practices.
2. The company typically purchases a 51 percent interest in practices, but occasionally takes full ownership.
3. CRH Medical retains all earnings to fund its growth-by-acquisition strategy, which has been ongoing for five years.
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