MEDNAX, Inc. (NYSE: MD), today announced the acquisition of Manassas Anesthesia Associates, P.C., a private physician group practice based in Manassas, Va.

Manassas Anesthesia Associates was incorporated in 1994 and employs 24 full-time clinicians (11 anesthesiologists and 13 anesthetists) that provide services at Prince William and Haymarket Medical Centers, as well as their affiliated ambulatory surgery centers. The practice’s anesthesia services include general anesthesia, orthopedic, vascular, obstetric, gynecologic and acute pain management for post-operative pain.

“The rationale for Manassas Anesthesiology Associates' decision to join MEDNAX is one of support. Although we consider our professional care of patients and coordination with the entire Health System rivaled by none, we are confident that having the support of a national medical group that is focused on research, education and quality initiatives will further enhance those services we provide to both our patients and our hospital partner,” said Ivan Harangozo, M.D., who will serve as medical director for the practice. “By aligning with MEDNAX, our practice now offers the local populace the benefits of the experience and resources of one of the nation’s largest anesthesiology networks.”

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

ABOUT MEDNAX

MEDNAX, Inc. is a national medical group comprised of the nation's leading providers of neonatal, anesthesia, teleradiology, maternal-fetal and pediatric physician subspecialty services. Physicians and advanced practitioners practicing as part of MEDNAX are reshaping the delivery of care within their specialties and subspecialties, using evidence-based tools, continuous quality initiatives and clinical research to enhance patient outcomes and provide high-quality, cost-effective care. Pediatrix Medical Group, a division of MEDNAX, was founded in 1979 and includes neonatal physicians who provide services at more than 370 neonatal intensive care units, and collaborate with affiliated maternal-fetal medicine, pediatric cardiology, pediatric critical care and other physician subspecialists to provide a clinical care continuum. Pediatrix is also the nation's largest provider of newborn hearing screens. American Anesthesiology, a division of MEDNAX, was established in 2007 and includes more than 2,475 anesthesiologists and advanced practitioners who provide anesthesia care to patients in connection with surgical and other procedures as well as pain management. MEDNAX, through its affiliated professional corporations, employs approximately 2,700 physicians in 35 states and Puerto Rico. vRad, which MEDNAX acquired in 2015, provides teleradiology services through a network of more than 350 radiologists located in all 50 states. In addition to its national physician network, MEDNAX provides services to medical providers in over 40 states through two complementary businesses, consisting of a revenue cycle management company and a consulting services company. Additional information is available at www.mednax.com.

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