Mednax Buys Anesthesiology Practice in New Jersey

Mednax, Inc., has announced the acquisition of Anesthesia and Pain Management Group, a private physician group practice based in Millburn, N.J.

The practice will become part of Mednax's American Anesthesiology division, the Company noted in a release.

Practicing since 2005, Mednax said that Anesthesia and Pain Management Group employs 14 full-time anesthesia providers (11 anesthesiologists and three anesthetists) who provide ambulatory anesthesia and pain management services for outpatient procedures at Short Hills Surgery Center and Hudson Crossing Surgery Center, including general and regional anesthesia, pediatric, cosmetic and acute pain management for post-operative pain.

"After evaluating our options, it was American Anesthesiology's mission and culture that aligned with ours, and their back-office infrastructure gives us confidence that we can excel even as we face the changes occurring with healthcare reform," said Idrees Ahmad, M.D., who will serve as medical director for the practice. "We look forward to collaborating with a national network of physicians as part of the company's research, education and quality initiatives as we look to grow our niche outpatient anesthesia services."

Mednax's American Anesthesiology division consists of more than 2,050 anesthesia providers, including more than 875 physicians and 1,175 anesthetists practicing in Florida, Georgia, Maryland, Michigan, New Jersey, New York, North CarolinaTennessee, 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.

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