MEDNAX, Inc.David T. Parker, 954-384-0175, Ext. 5300Vice President, Investor Relations & Corporate Communications
MEDNAX, Inc., (NYSE:MD) today announced the acquisition of Holston Anesthesia Associates, P.C., a physician group practice based in Kingsport, Tenn. The practice will become part of MEDNAX’s American Anesthesiology division and is the third Tennessee-based anesthesiology practice to join this division.
Established in 1985, Holston Anesthesia Associates is a private group practice that employs 12 anesthesiologists and four administrative support staff providing anesthesia services across a wide spectrum of subspecialty areas, including neurosurgical, pediatric, obstetric, gynecological, cardiothoracic, general surgery and orthopedic care, as well as acute pain management services to Wellmont Holston Valley Medical Center, a level I trauma center, and Holston Valley Ambulatory Surgery Center.
MEDNAX’s Pediatrix Medical Group division currently provides neonatal intensive care and hearing screen services at Wellmont Holston Valley Medical Center.
“It has become increasingly difficult for independent practices like ours to proactively address today’s healthcare uncertainty and changing regulations while maintaining our reputation for clinical excellence,” said Mark Carver, M.D., who will serve as medical director for the practice. “Joining American Anesthesiology will give us access to its proven infrastructure and facilitate collaboration with anesthesiologists nationwide through research education and quality initiatives, all while keeping our clinical autonomy. We are confident that this will result in even better patient care and outcomes, which is always our top priority.”
MEDNAX’s American Anesthesiology division consists of more than 1,700 anesthesia providers, including more than 700 physicians and 1,000 anesthetists practicing in Florida, Georgia, 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.
With this acquisition, seven physician group practices have become part of MEDNAX in 2013, four as part of American Anesthesiology, and three as part of Pediatrix Medical Group.
MEDNAX, Inc. is a national medical group comprised of the nation's leading providers of neonatal, maternal-fetal and pediatric physician subspecialty services as well as anesthesia services. Physicians and advanced practitioners practicing as part of MEDNAX are reshaping the delivery of care within their specialties and subspecialties, using evidence-based tools, continuous quality initiatives and clinical research to enhance patient outcomes and provide high-quality, cost-effective care. Pediatrix Medical Group, a unit of MEDNAX, was founded in 1979 and now includes neonatal physicians who provide services at more than 330 neonatal intensive care units, who collaborate with affiliated maternal-fetal medicine, pediatric cardiology and pediatric critical care physician subspecialists to provide a clinical care continuum. Pediatrix is also the nation's largest provider of newborn hearing screens. In 2007, MEDNAX expanded into anesthesia services. Today, American Anesthesiology includes more than 1,700 anesthesiologists and advanced practitioners who provide anesthesia care to patients in connection with surgical and other procedures as well as pain management. MEDNAX, through its affiliated professional corporations, employs more than 2,200 physicians in 34 states and Puerto Rico. Additional information is available at .