Healthcare Business News

Mednax acquires Anesthesia Associates in Virginia

By Rachel Landen
Posted: April 21, 2014 - 2:15 pm ET

Mednax, Fort Lauderdale, Fla., announced its acquisition Monday of Fredericksburg (Va.) Anesthesia Associates, the third Virginia-based anesthesia practice to join the national medical group's American Anesthesiology division.

Fredericksburg Anesthesia Associates had been a private physician-owned and operated anesthesia practice employing 16 anesthesiologists. It provides coverage at Mary Washington Hospital, Fredericksburg; Stafford (Va.) Hospital; and Fredericksburg Ambulatory Surgery Center.

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Mednax's anesthesiology division, established in 2007, now includes more than 1,950 anesthesia providers composed of more than 825 physicians and 1,125 anesthetists in Florida, Georgia, Maryland, Michigan, New Jersey, New York, North Carolina, Tennessee, Texas and Virginia.

“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,” Dr. Scott Brosche, who will serve as the practice's medical director, said in a release. “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 paid cash for the practice, according to the company release, but no other details were provided. For fiscal 2013, the company reported income of $280.5 million on $2.2 billion in revenue. At that time, it held $3 billion in assets.

Follow Rachel Landen on Twitter: @MHrlanden

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