American Anesthesiology acquires BAA

American Anesthesiology, a division of MEDNAX, Inc., (NYSE: MD) today announced the acquisition of Brazos Anesthesiology Associates, P.A. (BAA), a physician group practice based in Bryan, Texas that provides anesthesia services, including cardiac, pediatric, obstetric, regional anesthesia and chronic pain management, throughout the Brazos Valley.    

The practice consists of 16 anesthesiologists who practice as part of an anesthesia care team model that includes 29 anesthetists as well as three pain care nurses. Serving the Brazos Valley community for more than 24 years, BAA currently provides anesthesia services at St. Joseph Regional Health Center in Bryan, College Station Medical Center in College Station, and Physicians Center in Bryan, as well as eight other locations. BAA is the second Texas-based practice to join American Anesthesiology, with the other located in Austin, Texas.

"The combination of our longstanding commitment to providing anesthesia services and pain care management will now be enhanced by the infrastructure and administrative support services provided by American Anesthesiology," said Patrick Ryan, M.D., who will serve as medical director of the practice. "We made the right choice for today's changing healthcare environment, one that will allow us to focus on providing our patients with superior care."

The physicians joining as a result of this transaction will now be part of MEDNAX's American Anesthesiology division, which consists of more than 950 anesthesia providers, including more than 425 physicians and 525 anesthetists and anesthesia assistants practicing in North Carolina, Virginia, Georgia, Florida, Texas, and New Jersey.

This practice was acquired for cash and the transaction is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.

With this acquisition, two group practices have become part of American Anesthesiology and four physician group practices have become part of MEDNAX's Pediatrix Medical Group in 2012.