FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--MEDNAX, Inc. (NYSE: MD), today announced the acquisition of Associated Anesthesiologists of Reno, P.C., a private physician group practice based in Reno, Nev., adding anesthesia to the company’s footprint of pediatric and other specialty services in the state.
Associated Anesthesiologists of Reno, established in 1949, is the largest anesthesia practice in Northern Nevada. The practice provides anesthesia care across a wide spectrum of subspecialty areas, including orthopedic, obstetric, pediatric and cardiac and critical care. Associated Anesthesiologists of Reno employs 56 (49 full-time and 7 part-time) anesthesiologists and is the exclusive provider of services to Renown Regional Medical Center, an 808 bed facility and the only children’s hospital and emergency room in the region. The practice also provides services to Nevada Medical Center, Carson Valley Medical Center and various ambulatory surgical centers throughout the region.
“We wanted to join a national organization that truly understands the importance of hospital partnerships, and one whose culture and commitment to delivering the highest quality patient care parallels our own,” said Matthew Hoberg, M.D., who will serve as medical director for the practice. “In addition, having access to a national network of research, education and quality initiatives will enhance our efforts to expand our evidence-based best practices as well as our quality and performance improvement programs to directly benefit the patients we serve in our community.”
This acquisition adds to the services MEDNAX provides in Nevada across multiple specialties which include neonatology, pediatric intensive care, pediatric emergency, pediatric hospitalist, hearing screen and radiology services.
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, nine physician group practices have become part of MEDNAX in 2016.
MEDNAX, Inc. is a national health solutions partner comprised of the nation's leading providers of physician 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, clinical research and telemedicine to enhance patient outcomes and provide high-quality, cost-effective care. The Company was founded in 1979, and today, through its affiliated professional corporations, MEDNAX provides services through a network of more than 3,400 physicians in all 50 states and Puerto Rico. In addition to its national physician network, MEDNAX provides services to healthcare facilities and physicians in over 40 states through two complementary businesses, consisting of a revenue cycle management company and a consulting services company. Additional information is available at www.mednax.com.
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