MEDNAX Acquires Summit Anesthesia Associates - Quick Facts

(RTTNews) - Medical services provider MEDNAX, Inc. (MD) Thursday announced acquisition of Summit Anesthesia Associates, P.A., a physician group practice primarily based in Summit, New Jersey.

According to MEDNAX, this was a cash transaction, and is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.

MEDNAX said the practice will become part of its American Anesthesiology division and is the second New Jersey-based anesthesiology practice to join this division. Established in 1993, Summit Anesthesia Associates is a private group practice that employs 37 anesthesiologists, eight anesthetists and three other clinical and administrative staff.

MEDNAX's American Anesthesiology division consists of more than 1,750 anesthesia providers, including more than 750 physicians and 1,000 anesthetists.