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MEDNAX CEO Discusses Q3 2011 Results - Earnings Call Transcript

Stocks in this article: MD

Bexar Pediatric Surgery Associates have long-term relationships with the large San Antonio area hospitals consistent with the existing and strong relationships our pediatrics group has established in this same metropolitan area. This acquisition further strengthens our relationships with hospitals in the San Antonio area and provides the opportunity for a more collaborative patient care approach and the ability to offer patients a broader continuum of care with our existing hospital partners.

We have further been active throughout the third quarter on the business development side. During the quarter, we completed four acquisitions on September 30 we completed the acquisition of Midwest Maternal-Fetal Medicine in Saint Louis, Missouri. This practice has long standing relationships with three large area hospitals in the Saint Louis community. Their six physicians and 14 clinical and administrative staffs are being integrated into our Pediatrix Medical Group division. As with many of our physician partners Midwest Maternal-Fetal Medicine saw this partnership as a way to enhance quality improvement initiatives share clinical outcomes data and bench practices and have a greater role in advancing healthcare while achieving the best possible outcomes for their patients.

We also have the opportunity to address the continuum of care advantages for our patients as our neonatal specialist currently provide services in two of the three hospitals served by Midwest Maternal-Fetal Medicine. I will touch on the next three acquisitions only briefly since I mentioned them on our second quarter call shortly after we announced them. Nevertheless they are important new practices that we have added to our National Medical Group during this third quarter. Pinnacle Anesthesia is an anesthesia group practice that staffs two hospitals in Southern Palm Beach County, Florida just north of our headquarters as well as several office based physician groups in the area. The clinical and administrative operations of these 15 physicians and 16 nurse anesthetists are currently being integrated into our American Anesthesiology division.

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