NEW YORK and TROY, Mich., Jan. 17, 2013 /PRNewswire/ -- Edgemont Capital Partners, L.P., a boutique investment bank focused on the advisory needs of healthcare companies worldwide, today announced the sale of South Oakland Anesthesia Associates, P.C. ("SOAA"), to MEDNAX, Inc. (NYSE: MD). Edgemont Capital Partners, L.P. acted as the exclusive financial advisor to SOAA. SOAA 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. The transaction closed on December 21, 2012, and was led by Jeff Swearingen, the head of the firm's Physician Services Group and Luke Mitchell, a principal at the firm. Brent Hill of Waller Lansden Dortch & Davis, LLP acted as legal counsel to SOAA in the transaction. (Logo: http://photos.prnewswire.com/prnh/20130117/NY43188LOGO) "The rapidly evolving healthcare reimbursement landscape is driving physician organizations to partner with larger, well-capitalized companies to meet the new requirements coming under The Patient Protection and Affordable Care Act. We believe this trend will continue to accelerate through 2013," said Jeff Swearingen, managing director and co-founder of Edgemont Capital Partners, L.P. South Oakland Anesthesia Associates was established in 1967 and is a private group practice that employs 73 anesthesiologists providing 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. South Oakland physicians serve as the faculty for the Beaumont Health System residency program in anesthesiology. "We chose to work with Edgemont after interviewing several firms. We found their level of transaction expertise and knowledge of anesthesia and hospital-based physician services to be a perfect match for our advisory needs. We really appreciate the level of commitment the Edgemont team showed to our engagement and Edgemont's work resulted in a great transaction for South Oakland Anesthesia Associates" commented Paul O'Leary, head of SOAA's Business Development Committee.