MEDNAX acquires South Oakland Anesthesia Associates

Published on December 21, 2012 at 8:10 AM · No Comments

"Being part of a national medical group practice offers collaborative opportunities to develop and exchange best practices that will positively impact patient care," said James D. Grant, M.D. who serves as the health system chair for the Department of Anesthesiology at Beaumont Health System.

The physicians joining as a result of this transaction will now be part of MEDNAX's American Anesthesiology division, which consists of more than 1,350 anesthesia providers, including more than 570 physicians and 780 anesthetists practicing in North Carolina, Florida, Georgia, Michigan, New Jersey, Tennessee, Texas, Virginia and, with administrative offices in Sunrise, Fla. and Raleigh, N.C.

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

With this acquisition, 14 physician group practices have become part of MEDNAX in 2012, seven as part of American Anesthesiology, and seven as part of Pediatrix Medical Group.

Source: MEDNAX

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