Mednax Acquires Anesthesiology Practice in Michigan

Mednax, Inc., announced the acquisition of Great Lakes Anesthesia Associates, P.C., a private practice physician group based in Grand Blanc, Mich.

In a release, the company noted that the practice, which was founded in 1993, will become part of Mednax's American Anesthesiology division and is the second Michigan-based anesthesia practice to join the division.

At closing, 56 full-time anesthesia providers (14 anesthesiologists and 42 anesthetists) will join American Anesthesiology. The practice will provide anesthesia services across a wide spectrum of subspecialty areas at Genesys Regional Medical Center in Grand Blanc and three surgery centers throughout the greater Flint metropolitan area. The practice's anesthesia services include, but are not limited to, general surgery; ear, nose and throat; orthopedic; neurosurgery (including spine); obstetric; gynecological; cardiac; and acute and post-operative pain management.

"American Anesthesiology will ensure that patient care remains our highest priority by managing our office infrastructure, offering nationwide collaborative efforts and allowing us to focus on advanced research, education and quality initiatives," said Gregg Brent, M.D., who will serve as medical director for the practice. "We are pleased to have new opportunities to grow our business as well as to focus on the level of service we provide to our hospital and surgery centers, which is crucial as we enter this new era of healthcare reform."

Mednax's American Anesthesiology division consists of more than 1,925 anesthesia providers, including more than 825 physicians and 1,100 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.

Mednax, Inc. is a national medical group comprised of providers of neonatal, anesthesia, maternal-fetal and pediatric physician subspecialty services.

More Information:

http://www.mednax.com

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