FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--MEDNAX, Inc. (NYSE:MD), today announced the acquisition of Anesthesia Associates of Savannah, PA, and Lighthouse Anesthesia, LLC, collectively known as Lighthouse Anesthesia, a private physician group practice based in Savannah, Ga.
Lighthouse Anesthesia has been providing anesthesia care in the Southeast Georgia market for more than 60 years. The practice employs 102 full-time clinicians (28 anesthesiologists and 74 anesthetists) that provide services to St. Joseph’s/Candler, a 714-bed health care system in Savannah, Effingham Hospital and Care Center in Springfield, Ga., and 11 ambulatory surgery centers located throughout Georgia and North Carolina. Lighthouse Anesthesia’s inpatient and outpatient anesthesia services include general surgery, orthopedic, neurosurgery, cardiac, vascular and pediatric.
“After an extensive due diligence process that involved input from hospital administrators and affiliated clinicians, it was clear MEDNAX was the right choice,” said Richard Dodd, M.D., who will serve as medical director for the practice. “MEDNAX’s proven infrastructure as well as its research, education and quality initiatives, will support improved clinical outcomes and help us meet and exceed benchmarks in an increasingly complex and demanding healthcare environment.”
This acquisition adds to the services MEDNAX provides in Georgia across multiple specialties which include anesthesia, obstetric, maternal-fetal, neonatal and hearing screen services.
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 physician 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, clinical research and telemedicine to enhance patient outcomes and provide high-quality, cost-effective care. The Company was founded in 1979, and today, through its affiliated professional corporations, MEDNAX provides services through a network of more than 3,300 physicians in all 50 states and Puerto Rico. In addition to its national physician network, MEDNAX provides services to healthcare facilities and physicians in over 40 states through two complementary businesses, consisting of a revenue cycle management company and a consulting services company. Additional information is available at www.mednax.com.
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