MEDNAX acquires Loudoun Anesthesia Associates

MEDNAXJul 31 2012

MEDNAX, Inc., (NYSE: MD) today announced the acquisition of Loudoun Anesthesia Associates, a physician group practice that provides anesthesia services at Inova Loudoun Hospital and Inova Loudoun Ambulatory Surgery Center in Leesburg, Va.    

American Anesthesiology has an established relationship with the Inova Health system as part of their first anesthesia acquisition of Fairfax Anesthesiology Associates, Inc. in 2007.

Loudoun Anesthesia Associates was founded in 1994 and consists of 12 anesthesiologists and 17 anesthetists, providing anesthesia services across a wide spectrum of subspecialty areas.

"Joining American Anesthesiology will provide us with the resources we need, from research, education and technology to infrastructure and administrative support, to ensure the future success of our practice," said Lorna Miller, M.D. who will serve as medical director for the American Anesthesiology practice. "We also look forward to collaborating with leading anesthesiologists across the country to help improve overall patient outcomes. This partnership will enable us to continue providing the highest level of care to our patients in this community."

The physicians joining as a result of this transaction will now be part of MEDNAX's American Anesthesiology division, which consists of more than 1,200 anesthesia providers, including more than 485 physicians and 750 anesthetists practicing in North Carolina, Florida, Georgia, New Jersey, Tennessee, Texas and Virginia, 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, nine physician group practices have become part of MEDNAX in 2012, five as part of American Anesthesiology and four as part of Pediatrix Medical Group.