This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

MEDNAX Announces Acquisition Of Anesthesiology Practice In Michigan

Stocks in this article: MD

MEDNAX, Inc., (NYSE: MD) today announced the acquisition of South Oakland Anesthesia Associates, P.C., a physician group practice that provides anesthesia care and pain management services at three hospitals, four ambulatory surgery centers, one eye center, and four pain management centers throughout Oakland, Wayne and Macomb counties in Michigan. The practice will become part of MEDNAX’s American Anesthesiology division and is the first Michigan-based practice to join the division, which now consists of 16 practices throughout eight states.

South Oakland Anesthesia Associates was established in 1967 and is a private group practice that employs 73 anesthesiologists that provide services across a wide spectrum of subspecialty areas, including orthopaedic, neurosurgical, pediatric, obstetric, cardiac, trauma, and critical care as well as acute and chronic pain medicine. The physicians practice in the anesthesia care-team model, which includes both residents and anesthetists.

“We are looking forward to partnering with a national group practice that will provide us with the resources we need to expand our services, and continue improving the quality of care we provide our patients,” said Rhonda Marvar, M.D., who will serve as medical director for the American Anesthesiology practice. “We believe American Anesthesiology’s research, education and clinical initiatives, along with its back-office infrastructure and administrative support will provide us with long-term stability in an uncertain healthcare environment.”

South Oakland physicians serve as the faculty for the Beaumont Health System residency program in anesthesiology. The fully accredited residency program consists of 24 residents over four years. The department’s demonstrated focus on teaching and research is well-aligned with MEDNAX’s commitment to leadership in clinical quality, research and education.

“Being part of a national medical group practice offers collaborative opportunities to develop and exchange best practices that will positively impact patient care,” said James D. Grant, M.D. who serves as the health system chair for the Department of Anesthesiology at Beaumont Health System.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs