National medical group acquires anesthesia practice
A publicly traded medical group providing a range of services has acquired an anesthesia practice in the region.
MEDNAX in Sunrise, Fla. (NYSE: MD) said this month that it has acquired Lakeshore Anesthesia Services in Muskegon through a cash transaction.
Terms of the deal were not disclosed.
The transaction is anticipated to be immediately accretive to earnings.
Lakeshore Anesthesia Services has a staff of 31 full-time anesthesiologists and 10 full-time anesthetists.
Dr. Paul Chovaz, a practicing anesthesiologist with the Lakeshore Anesthesia Services team, said joining a physician-run national medical group positions the practice well for the future.
Chovaz will serve as medical director for the practice.
“It bolsters our credibility with our hospital partners and makes us stronger and more desirable in an increasingly competitive marketplace,” Chovaz said. “The combination of having access to anesthesia best practices, as well as the support of MEDNAX’s back-office infrastructure and access to its research, education and quality initiatives will ultimately allow us to continue to provide the best patient care possible.”
Lakeshore Anesthesia Services was established in 2009 after a merger between West Coast Anesthesia and Anesthesia Associates of Muskegon. The practice’s origins in the area date back roughly 20 years.
The practice provides inpatient and outpatient care in general anesthesia, neurosurgery, cardiac, orthopedic, vascular, pediatric and acute pain management for post-operative patients.
The practice treats patients at Mercy Health Muskegon’s Hackley Campus, Mercy Health Mercy Campus, North Ottawa Community Hospital, Muskegon Surgery Center and Shoreline Vision Ambulatory Surgery Center.
MEDNAX was founded in 1979 as a single neonatal physician group known as Pediatrix and has grown over the years to employ roughly 2,700 physicians in 35 states and Puerto Rico.
With its acquisition of American Anesthesiology in 2007, MEDNAX was established in 2009 as the parent company of the neonatal and anesthesia divisions.
MEDNAX also recently added more than 350 radiologists to its growing national physician network with the acquisition of vRAD in 2015.