MEDNAX (MD) Acquires Leesburg, VA-Based Anesthesia Practice

July 31, 2012 6:51 AM EDT
MEDNAX, Inc., (NYSE: MD) 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.

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.

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