Founders Advises Harmony Anesthesia Staffing in Sale to CRH Medical, a Wholly Owned Subsidiary of WELL Health Technologies (TSX: WELL)
BIRMINGHAM, AL. (January 21, 2025) – Founders is pleased to announce that Harmony Anesthesia Staffing (“Harmony”) has been acquired by CRH Medical Corporation (“CRH Medical”), a wholly owned subsidiary of WELL Health Technologies Corporation (TSX: WELL). Harmony Anesthesia Staffing was exclusively advised by principals of Founders Advisors LLC (“Founders”) in this transaction.
Founded by Rad Zamani, Harmony Anesthesia is known as a pioneer in the placement of Certified Anesthesiologist Assistants (“CAAs”) and specializes in locum tenens and permanent placement anesthesia staffing solutions. The acquisition of Harmony Anesthesia Staffing further reinforces WELL Health Technologies’ strategy of diversifying its business lines while maintaining a focus on high-margin, capital-efficient growth opportunities.
Rad Zamani, Founder of Harmony commented, “We are immensely grateful to Founders Advisors and their knowledgeable team for their outstanding expertise and unwavering dedication throughout our recent transaction. Their strategic guidance and exceptional support were instrumental in ensuring a smooth and successful outcome for newcomers in the space. We highly recommend their services to any organization seeking a trusted partner in mergers and acquisitions. They exceeded our expectations in every way.”
The placement of CAAs is a rapidly growing trend in addressing industry-wide staffing challenges, and Harmony has quickly established itself as the leader in this space. Harmony has played a crucial role in meeting the anesthesia staffing challenges experienced throughout the industry through its placement of CAAs.
Jay Kreger, CEO of CRH Medical commented, “We are very pleased to welcome the Harmony team to the CRH family. This acquisition is a synergistic and complimentary addition to our current platform Radar which will immediately enhance our staffing offering to our network of customers. The Harmony platform provides us further diversification beyond clinical anesthesia services and brings us significant growth potential and upside as it pertains to anesthesia staffing. We are looking forward to partnering with the Harmony leadership team and helping them accelerate their growth potential and expand into new states.”
“Rad, Sasi, and the Harmony Anesthesia Staffing team built a fast growing and impressive locum anesthesia practice consistently delivering outstanding results for their providers and healthcare facility clients,” said Neal England, Managing Director at Founders Advisors. “We are more than excited to see Harmony become part of the CRH / WELL Health family and we look forward to their continued upward growth trajectory success as a powerhouse locum provider.”
To view WELL Health Technologies Corp.’s full press release, please visit here.
About Harmony Anesthesia Staffing
Harmony Anesthesia Staffing is a full-service anesthesia staffing company based in Atlanta, Georgia. Harmony provides locum tenens and permanent placement anesthesia staffing solutions, specializing in Certified Anesthesiologist Assistants and other anesthesia professionals for its network of customers, which includes anesthesia groups, hospitals, and ambulatory surgical centers (ASCs) across eight U.S. states. To learn more, please visit www.harmonyanesthesia.com.
About WELL Health Technologies Corp.
WELL’s mission is to tech-enable healthcare providers. WELL does this by developing the best technologies, services, and support available, which ensures healthcare providers are empowered to positively impact patient outcomes. WELL’s comprehensive healthcare and digital platform includes extensive front and back-office management software applications that help physicians run and secure their practices. WELL’s solutions enable more than 28,000 healthcare providers between the US and Canada and power the largest owned and operated healthcare ecosystem in Canada with more than 200 clinics supporting primary care, specialized care, and diagnostic services. In the United States WELL’s solutions are focused on specialized markets such as the gastrointestinal market, women’s health, primary care, and mental health. WELL is publicly traded on the Toronto Stock Exchange under the symbol “WELL” and on the OTC Exchange under the symbol “WHTCF”. To learn more about the Company, please visit: www.well.company.
About CRH Medical Corporation
CRH is a North American company focused on providing gastroenterologists throughout the United States with innovative services and products for the treatment of gastrointestinal diseases. CRH also provides locum tenens and permanent placement anesthesia staffing solutions through its wholly owned subsidiary Radar Healthcare (“Radar”) to a network of customers which include provider groups, hospitals, and ASCs. In 2014, CRH became a full-service gastroenterology anesthesia company that provides anesthesia services for patients undergoing endoscopic procedures in ambulatory surgical centers. To date, CRH has completed 49 anesthesia acquisitions, and now serves over 140 ambulatory surgery centers in 20 states. In addition, CRH owns the “CRH O’Regan System,” a single-use, disposable, hemorrhoid banding technology that is safe and highly effective in treating all grades of hemorrhoids. CRH distributes the O’Regan System, treatment protocols, operational and marketing expertise as a complete, turnkey package directly to gastroenterology practices, creating meaningful relationships with the gastroenterologists it serves. CRH’s O’Regan System is currently used in all 50 US states Puerto Rico, USVI and Canada.
About Founders Advisors
Founders is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders focuses on helping companies across technology, business services, consumer, energy, industrial, and healthcare industries. Founders’ skilled professionals, proven expertise, and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. To provide securities-related services, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member FINRA and SIPC. Founders M&A Advisory is a wholly owned subsidiary of Founders Advisors. Neither Founders M&A Advisory nor Founders Advisors provide investment advice. For more information, please visit www.foundersib.com.