MEDNAX Acquires Physician Group Practice Based In Memphis, Tenn. - Quick Facts

(RTTNews) - MEDNAX Inc. (MD) announced the acquisition of Metropolitan Anesthesia Alliance, PLLC, a private physician group practice based in Memphis, Tenn. The practice will become part of MEDNAX's American Anesthesiology division. The practice's anesthesia services include general surgery, cardiac, vascular, orthopedic, neurosurgery (including spine), obstetric, pediatric and acute pain management. MEDNAX noted that this was a cash transaction, and is expected to be immediately accretive to earnings.

Metropolitan Anesthesia Alliance was established in 2001 following the merger of Affiliated Anesthesiologists, Medical Center Anesthesiologists and Anesthesia Specialists of Tennessee. The practice employs 73 full-time anesthesia providers, as well as four office-based clinics throughout the Memphis metropolitan area.