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Mednax's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: MD

The flagship facilities are Parkwest Medical Center and the Fort Sanders Regional Medical Center with whom the group has had long standing relationships. The practice provides anesthesia services across a wide spectrum of sub-specialty areas including cardiovascular, obstetrics, newer anesthesia, regional anesthesia and pain management.

Loudoun Anesthesia consists of 12 anesthesiologists and 17 anesthetists. This group founded in 1994 practices within the Inova Health Systems at Loudoun Hospitals. As many of you may recall, our first anesthesia acquisition in Virginia practices as part of the Inova Health System's Fairfax Hospital.

We also completed three additional anesthesiology group practice acquisitions during the 2012 second quarter. We acquired Burlington Anesthesia in Burlington, North Carolina, which I mentioned on our last earnings call, followed by the acquisition of Brazos Anesthesia Associates in Bryan, Texas.

The Brazos practice consists of 16 anesthesiologists who practice is part of an anesthesia fair team model that includes 29 anesthetists, as well as three pain care nurses. Serving the Brazos Valley community for 25 years. Brazos' company provides anesthesia services and three hospitals, as well as eight other office space locations. The pediatric division of Mednax is also an established provider of neonatal services in this community.

Florida Atlantic Anesthesia in Fort Lauderdale, Florida joins us near the end of the second quarter. The practice consists of 24 anesthesiologists and 5 full-time anesthetists and they provide anesthesia services at Holy Cross Hospital and Holy Cross HealthPlex in Fort Lauderdale. Founded in 1998, this group is one of the leading anesthesiology practices in the area and the second Florida-based practice to join American Anesthesiology.

The pediatrics division is also an established partner and provider of NICU services at Holy Cross Hospital, thereby, providing a continuum of care to our patients at our hospital partners inaudible) community.

East of these groups, under talented positions, joined American Anesthesiology because they believe the right choice in today's changing healthcare environment was to join a national medical group whose interest are 100% aligned with theirs. We're a quality established group that has developed relationships with their hospital and their practice in attractive metropolitan areas. We're fostering a collaborative environment in which the best clinical and administrator practices are shared across all the American Anesthesiology groups.

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