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Crh Medical's Business Segments
Crh Medical's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Reportable Segments
2
Largest Segment
Anesthesia Services Segment
Total Revenue
$ 106
Regions Reported
2
Annual Results
Revenue Share by Reportable Segment - FY2020
- Anesthesia Services Segment92%
- Product Sales Segment8%
Revenue by Reportable Segment - FY2020
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Anesthesia Services Segment | $ 98 | 92% |
| Product Sales Segment | $ 8 | 8% |
Revenue Share by Country - FY2020
- US99.8%
- Canada and Other0.2%
Revenue by Geographic Country - FY2020
| Country | Revenue (Millions) | % of Total |
|---|---|---|
| US | $ 106 | 99.8% |
| Canada and Other | $ 0 | 0.2% |
Revenue by Product & Service Category - FY2020
- Anesthesia Services92%
- Product8%
- Anesthesia Revenue0.5%
Revenue by Product & Service Category - FY2020
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Anesthesia Services | $ 98 | 92% |
| Product | $ 8 | 8% |
| Anesthesia Revenue | $ 1 | 0.5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Crh Medical
CRH Medical Corporation is a Canadian-based healthcare company founded in 2000 with its headquarters in Vancouver, British Columbia has become a leading provider of diagnostic and therapeutic services for gastrointestinal diseases. The company provides innovative solutions for gastroenterologists throughout North America by providing the tools and support they need to meet the demands of their patients.
CRH Medical Corporation's products and services include anesthesiology services for colonoscopy, gastroscopy, and other related procedures, as well as the distribution of medical devices used in these procedures. The company also offers diagnostic and therapeutic services, such as colonoscopy and endoscopy, for the detection, management, and treatment of gastrointestinal issues.
CRH Medical Corporation has a strong presence in the United States, where it has experienced significant growth over the past few years. The company has several subsidiaries located throughout the country, including Gastroenterology Anesthesia Associates (GAA), CRH Anesthesia Management (CRHAM), and Florida Anesthesia Associates (FLAA). These subsidiaries provide anesthesia services, both on-site and off-site, to a wide range of medical facilities, including ambulatory surgical centers, hospitals, and clinics.
Apart from North America, the company also operates in the UK and Brazil. In November 2019, CRH Medical Corporation announced the completion of its acquisition of a 51% interest in the Center for Colorectal Health (CCH) in Brazil. This acquisition has enabled the company to expand its international footprint and create new growth opportunities.
CRH Medical Corporation has received several awards in recent years, including the Deloitte Technology Fast 50 Award for being one of the fastest-growing technology companies in Canada in 2015 and 2016. The company has also been ranked as one of the 50 Best Small and Medium Employers in Canada.
CRH Medical Corporation has a dedicated team of over 600 people that are committed to providing patients with medical services of the highest quality. The company's mission is to provide innovative solutions to doctors in the gastroenterology space, while also delivering the best possible care to patients.
CRH Medical Corporation's products and services include anesthesiology services for colonoscopy, gastroscopy, and other related procedures, as well as the distribution of medical devices used in these procedures. The company also offers diagnostic and therapeutic services, such as colonoscopy and endoscopy, for the detection, management, and treatment of gastrointestinal issues.
CRH Medical Corporation has a strong presence in the United States, where it has experienced significant growth over the past few years. The company has several subsidiaries located throughout the country, including Gastroenterology Anesthesia Associates (GAA), CRH Anesthesia Management (CRHAM), and Florida Anesthesia Associates (FLAA). These subsidiaries provide anesthesia services, both on-site and off-site, to a wide range of medical facilities, including ambulatory surgical centers, hospitals, and clinics.
Apart from North America, the company also operates in the UK and Brazil. In November 2019, CRH Medical Corporation announced the completion of its acquisition of a 51% interest in the Center for Colorectal Health (CCH) in Brazil. This acquisition has enabled the company to expand its international footprint and create new growth opportunities.
CRH Medical Corporation has received several awards in recent years, including the Deloitte Technology Fast 50 Award for being one of the fastest-growing technology companies in Canada in 2015 and 2016. The company has also been ranked as one of the 50 Best Small and Medium Employers in Canada.
CRH Medical Corporation has a dedicated team of over 600 people that are committed to providing patients with medical services of the highest quality. The company's mission is to provide innovative solutions to doctors in the gastroenterology space, while also delivering the best possible care to patients.
CRH Medical Corporation is a prominent player in the field of innovative medical solutions focusing primarily on gastroenterology. The organization is structured into two main segments: Gastroenterology Anesthesia and the CRH ORegan System. Each segment serves a unique role in enhancing patient care and treatment efficacy for gastrointestinal disorders.
Segments
1. Gastroenterology Anesthesia:
This segment specializes in providing anesthesia solutions specifically tailored for gastrointestinal procedures. The objective is to facilitate comfortable, efficient, and safe endoscopic examinations and surgical interventions such as colonoscopies and gastroscopies. CRH Medicals offerings in this space encompass a comprehensive suite of anesthesia products and services designed to optimize both patient and provider experiences.
2. CRH ORegan System:
The CRH ORegan System represents a groundbreaking development in the treatment of hemorrhoids. This proprietary technology utilizes infrared light in a non-invasive procedure aimed at alleviating the discomfort associated with hemorrhoids. The system emphasizes patient comfort and convenience, establishing itself as a favored treatment option due to its minimally invasive approach and quick recovery times.
Products
CRH Medical Corporation offers a diverse range of products which include:
1. Anesthesia Devices and Solutions:
- The company provides a wide array of anesthesia solutions that include both basic and advanced equipment necessary for gastroenterological procedures.
- Products range from single-use devices such as specialized endoscopes, to sophisticated anesthesia machines designed for comprehensive care during procedures.
- These products are engineered to ensure safety, efficacy, and ease of use, enhancing the overall experience for both patients and healthcare professionals.
2. Hemorrhoid Treatment Technology:
- The CRH ORegan System’s proprietary infrared treatment technology offers a non-surgical alternative for managing hemorrhoids.
- This system provides a quick, effective, and minimally invasive procedure that reduces discomfort and significantly shortens recovery time for patients.
- The innovation lies not only in the treatment process but also in the patient experience, as it prioritizes comfort and ease of access within outpatient settings.
Services
Alongside its product offerings, CRH Medical Corporation also delivers a range of professional services, which include:
1. Gastroenterology Anesthesia Services:
- The company provides comprehensive anesthesia management for gastroenterological procedures, ensuring that patients receive individualized care tailored to their specific needs.
- CRH Medical’s anesthesia services are designed to promote a safe procedure experience and optimal patient comfort, helping healthcare facilities maintain high standards of care.
2. CRH ORegan System Treatment:
- CRH Medical operates clinics across North America, offering the CRH ORegan treatment to patients dealing with hemorrhoids.
- Each treatment is administered by trained professionals who are skilled in using the system, ensuring that techniques are properly applied and that patient safety is paramount.
- The service is tailored to meet the distinct requirements of individual patients, mirroring the company’s commitment to personalized care.
Conclusion
CRH Medical Corporation stands out as a leader in providing innovative medical solutions within the realms of gastroenterology. By combining advanced products and dedicated services, the company enhances patient outcomes for a variety of gastrointestinal disorders, particularly through its specialized anesthesia solutions and its pioneering hemorrhoid treatment technology. This commitment to improving patient care is what positions CRH Medical as a vital resource in the gastroenterology field.
Segments
1. Gastroenterology Anesthesia:
This segment specializes in providing anesthesia solutions specifically tailored for gastrointestinal procedures. The objective is to facilitate comfortable, efficient, and safe endoscopic examinations and surgical interventions such as colonoscopies and gastroscopies. CRH Medicals offerings in this space encompass a comprehensive suite of anesthesia products and services designed to optimize both patient and provider experiences.
2. CRH ORegan System:
The CRH ORegan System represents a groundbreaking development in the treatment of hemorrhoids. This proprietary technology utilizes infrared light in a non-invasive procedure aimed at alleviating the discomfort associated with hemorrhoids. The system emphasizes patient comfort and convenience, establishing itself as a favored treatment option due to its minimally invasive approach and quick recovery times.
Products
CRH Medical Corporation offers a diverse range of products which include:
1. Anesthesia Devices and Solutions:
- The company provides a wide array of anesthesia solutions that include both basic and advanced equipment necessary for gastroenterological procedures.
- Products range from single-use devices such as specialized endoscopes, to sophisticated anesthesia machines designed for comprehensive care during procedures.
- These products are engineered to ensure safety, efficacy, and ease of use, enhancing the overall experience for both patients and healthcare professionals.
2. Hemorrhoid Treatment Technology:
- The CRH ORegan System’s proprietary infrared treatment technology offers a non-surgical alternative for managing hemorrhoids.
- This system provides a quick, effective, and minimally invasive procedure that reduces discomfort and significantly shortens recovery time for patients.
- The innovation lies not only in the treatment process but also in the patient experience, as it prioritizes comfort and ease of access within outpatient settings.
Services
Alongside its product offerings, CRH Medical Corporation also delivers a range of professional services, which include:
1. Gastroenterology Anesthesia Services:
- The company provides comprehensive anesthesia management for gastroenterological procedures, ensuring that patients receive individualized care tailored to their specific needs.
- CRH Medical’s anesthesia services are designed to promote a safe procedure experience and optimal patient comfort, helping healthcare facilities maintain high standards of care.
2. CRH ORegan System Treatment:
- CRH Medical operates clinics across North America, offering the CRH ORegan treatment to patients dealing with hemorrhoids.
- Each treatment is administered by trained professionals who are skilled in using the system, ensuring that techniques are properly applied and that patient safety is paramount.
- The service is tailored to meet the distinct requirements of individual patients, mirroring the company’s commitment to personalized care.
Conclusion
CRH Medical Corporation stands out as a leader in providing innovative medical solutions within the realms of gastroenterology. By combining advanced products and dedicated services, the company enhances patient outcomes for a variety of gastrointestinal disorders, particularly through its specialized anesthesia solutions and its pioneering hemorrhoid treatment technology. This commitment to improving patient care is what positions CRH Medical as a vital resource in the gastroenterology field.