FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--MEDNAX, Inc., (NYSE: MD) today announced the acquisition of Fredericksburg Anesthesia Associates, Inc., a private practice physician group based in Fredericksburg, Va. The practice will become part of MEDNAX’s American Anesthesiology division and is the third Virginia-based anesthesia practice to join the division.
Fredericksburg Anesthesia Associates employs 16 anesthesiologists who provide anesthesia services as part of a care team model that includes anesthetists at Mary Washington Hospital, Stafford Hospital and Fredericksburg Ambulatory Surgery Center. Their services include general surgery, orthopedic, cardiovascular, thoracic, neurosurgery (including spine), pediatric, obstetric and gynecological, as well as acute pain management. The practice’s founding physicians began providing anesthesia services to Fredericksburg and surrounding communities in 1965 and the practice was incorporated in 1992.
“We chose to partner with American Anesthesiology to ensure that our group can continue to focus on patient care and outcomes in an increasingly competitive and complicated healthcare environment,” said W. Scott Brosche, M.D., who will serve as medical director for the practice. “The company’s proven integration process ensures that we will have strong support in the areas of practice management, clinical quality initiatives, research and education, yet maintain clinical autonomy so we can do what we do best – take care of our patients.”
MEDNAX’s American Anesthesiology division consists of more than 1,950 anesthesia providers, including more than 825 physicians and 1,125 anesthetists practicing in Florida, Georgia, Maryland, Michigan, New Jersey, New York, North Carolina, Tennessee, Texas, and Virginia.
This was a cash transaction, and it is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.
ABOUT MEDNAX
MEDNAX, Inc. is a national medical group comprised of the nation's leading providers of neonatal, anesthesia, maternal-fetal and pediatric physician subspecialty services. Physicians and advanced practitioners practicing as part of MEDNAX are reshaping the delivery of care within their specialties and subspecialties, using evidence-based tools, continuous quality initiatives and clinical research to enhance patient outcomes and provide high-quality, cost-effective care. Pediatrix Medical Group, a unit of MEDNAX, was founded in 1979 and now includes neonatal physicians who provide services at more than 360 neonatal intensive care units, who collaborate with affiliated maternal-fetal medicine, pediatric cardiology and pediatric critical care physician subspecialists to provide a clinical care continuum. Pediatrix is also the nation's largest provider of newborn hearing screens. In 2007, MEDNAX expanded into anesthesia services. Today, American Anesthesiology includes more than 1,950 anesthesiologists and advanced practitioners who provide anesthesia care to patients in connection with surgical and other procedures as well as pain management. MEDNAX, through its affiliated professional corporations, employs more than 2,350 physicians in 34 states and Puerto Rico. Additional information is available at www.mednax.com.
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