MEDNAX acquires Fredericksburg Anesthesia Associates

MEDNAX, Inc., (NYSE: MD) today announced the acquisition of Fredericksburg Anesthesia Associates, Inc., a private practice physician group based in Fredericksburg, Va. The practice will become part of MEDNAX's American Anesthesiology division and is the third Virginia-based anesthesia practice to join the division.

Fredericksburg Anesthesia Associates employs 16 anesthesiologists who provide anesthesia services as part of a care team model that includes anesthetists at Mary Washington Hospital, Stafford Hospital and Fredericksburg Ambulatory Surgery Center. Their services include general surgery, orthopedic, cardiovascular, thoracic, neurosurgery (including spine), pediatric, obstetric and gynecological, as well as acute pain management. The practice's founding physicians began providing anesthesia services to Fredericksburg and surrounding communities in 1965 and the practice was incorporated in 1992.

"We chose to partner with American Anesthesiology to ensure that our group can continue to focus on patient care and outcomes in an increasingly competitive and complicated healthcare environment," said W. Scott Brosche, M.D., who will serve as medical director for the practice. "The company's proven integration process ensures that we will have strong support in the areas of practice management, clinical quality initiatives, research and education, yet maintain clinical autonomy so we can do what we do best - take care of our patients."

MEDNAX's American Anesthesiology division consists of more than 1,950 anesthesia providers, including more than 825 physicians and 1,125 anesthetists practicing in Florida, Georgia, Maryland, Michigan, New Jersey, New York, North Carolina, Tennessee, 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.