Five things to know:
1. Dating back to 2007, American Anesthesiology is a medical group affiliated with Sunrise, Fla.-based Mednax.
2. American Anesthesiology’s clinicians and administrators will become NAPA employees as a result of the transaction.
3. Through its affiliated entities, NAPA will now have a team of more than 6,000 clinicians and staff offering anesthesia and pain management services at 500-plus U.S. facilities, including ASCs.
4. Mednax will continue to seek growth opportunities for its radiology and pediatric/obstetrics groups, as well as for Surgical Directions, a healthcare consulting firm acquired in 2014.
5. Mednax will receive $50 million in cash when the transaction closes, according to Reuters.
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.