National medical group MEDNAX has acquired Westchester Anesthesiologists, a private physician group practice based in White Plains, N.Y.
Westchester Anesthesiologists provides anesthesia care across various subspecialty areas in Westchester County. The practice employs 31 full-time clinicians that provide services to 292-bed White Plains Hospital. The practice also provides services to Rye Ambulatory Surgery Center, Surgical Specialty Center of Westchester and WESTMED Medical Group, according to a news release.
Westchester Anesthesiologists' inpatient and outpatient anesthesia services include general, cardiac, endoscopies, obstetrics and cosmetic.
Here are five things to know about the deal.
1. Westchester Anesthesiologists was acquired by one of MEDNAX's affiliated professional contractors in New York.
2. This acquisition adds to the services MEDNAX provides through its affiliated professional contractors across multiple specialties, which include anesthesiology, neonatology, hearing screen and radiology services, according to a news release.
3. This was a cash transaction, and it is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.
4. Cross Keys Capital acted as Westchester Anesthesiologists' financial advisor in the sale.
5. With this acquisition, seven physician group practices have become part of MEDNAX in 2016. Other MEDNAX transactions this year include Northwest Anesthesia, a private physician group practice based in Minneapolis, and Children's Eye Care of North Texas, a private pediatric ophthalmology practice based in Plano.
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