MEDNAX acquires East Coast anesthesia group: 4 things to know

National medical group MEDNAX has acquired Central New York Anesthesia Group, a private physician group practice based in Syracuse.

Advertisement

Here are four things to know about the acquisition.

1. CNY Anesthesia Group was acquired by one of MEDNAX’s affiliated professional contractors in New York.

2. CNY Anesthesia Group employs 44 full-time equivalent clinicians (29 anesthesiologists, 13 anesthetists and 2 nurse practitioners), according to a news release. The practice provides various anesthesia care in Onondaga County and the town of Hamilton, N.Y., including general surgery, orthopedic, obstetric, plastic/reconstructive and ophthalmology. CNY Anesthesia Group provides services to Crouse Hospital network, as well as to Community Memorial Hospital and Camillus Surgery Center.

3. The cash transaction is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.

4. With this acquisition, 13 physician group practices have become part of MEDNAX this year.

 

More articles on transactions and valuations:
Kaleida Health, Brooks Memorial, TLC Health Network affiliation to move forward
EvergreenHealth to acquire Seattle clinic
CHI St. Luke’s to acquire Houston physician group

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.