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Mednax (MD) Buys Anesthesiology Practice In Georgia

 December 03, 2012 08:21 AM


(By Balaseshan) Mednax Inc. (NYSE: MD), a provider of physician services, said it has purchased DeKalb Anesthesia Associates P.A., a physician group practice that provides anesthesia services in Georgia.

This practice was acquired for cash and the transaction is expected to be immediately accretive to earnings. The practice, which provides services at DeKalb Medical in North Decatur and DeKalb Medical at Hillandale in Decatur, will become part of Mednax's American Anesthesiology division.

The physicians joining as a result of this transaction will now be part of Mednax's American Anesthesiology division, which consists of more than 1,250 anesthesia providers.

[Related -Stock Upgrades And Downgrades: BBBY, DD, LULU, MASI, PETM, RDC, SYY]

The anesthesia providers include about 500 physicians and 780 anesthetists practicing in North Carolina, Florida, Georgia, New Jersey, Tennessee, Texas and Virginia, with administrative offices in Sunrise, Florida and Raleigh, N.C.

DeKalb Anesthesia Associates was founded in 1961 and is a private group practice consisting of 13 anesthesiologists and 33 anesthetists, providing anesthesia services across a wide spectrum of subspecialty areas.

DeKalb Anesthesia Associates has been the only group to provide anesthesia services to DeKalb Medical for more than 50 years. Further, Mednax's Pediatrix division currently provides neonatal intensive care unit (NICU) services at DeKalb Medical.

With this acquisition, 12 physician group practices have become part of Mednax in 2012, six as part of American Anesthesiology, and six as part of Pediatrix Medical Group.

[Related -My Best Healthcare Stock Picks For 2013]

MD closed Friday's regular session up 0.09% at $79. The stock has been trading between $59.24 and $79.08 for the past 52 weeks.

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