MEDNAX acquires Bexar Pediatric Surgery in San Antonio

MEDNAX, Inc., (NYSE: MD) today announced the acquisition of a pediatric surgery physician group practice based in San Antonio, TX.

“As our practice continued to expand, we were looking for a partner with an excellent national reputation and the expertise of providing both clinical and administrative support for local physicians and patients.”

Bexar Pediatric Surgery Associates, P.L.L.C., consists of five pediatric surgeons, one pediatric plastic surgeon and one pediatric nurse practitioner who provide pediatric general and thoracic surgical care of infants, children, and adolescents throughout the greater San Antonio, TX area. Bexar Pediatric Surgery Associates has long-term relationships with the areas large hospital systems, including various children's hospitals.

Pediatric surgeons are a critical element to hospital-based services, providing specialized care for patients ranging from newborns to adolescents, for all problems or conditions affecting children that require surgical intervention. Pediatric surgeons also often have particular expertise in the areas of neonatal, prenatal, trauma, and pediatric oncology. Pediatric surgeons typically work closely with neonatologists, pediatric cardiologists, and other pediatric specialists.

"Our practice has a long-standing relationship with the local community because of our consistent focus on delivering the highest quality pediatric surgical care to our patients and their families. We are joining Pediatrix at a time when there is a growing need for pediatric surgery services in Southern Texas, and due to the increasing administrative responsibilities within the current U.S. healthcare environment," said Frank Robertson, M.D., F.A.C.S., who will serve as Pediatrix's medical director for the practice. "As our practice continued to expand, we were looking for a partner with an excellent national reputation and the expertise of providing both clinical and administrative support for local physicians and patients."

The physicians joining as a result of this transaction will practice as part of MEDNAX's Pediatrix Medical Group, a national medical group consisting of the nation's leading neonatal, maternal-fetal medicine, pediatric cardiology, and other pediatric specialty physicians.

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

With this acquisition, seven physician group practices have become part of Pediatrix Medical Group and one physician group practice has become part of American Anesthesiology during 2011.