Lighthouse Anesthesia Acquired by MEDNAX

Staff Report From Savannah CEO

Thursday, March 17th, 2016

MEDNAX, Inc., announced the acquisition of Anesthesia Associates of Savannah, PA, and Lighthouse Anesthesia, LLC, collectively known as Lighthouse Anesthesia, a private physician group practice based in Savannah, Ga.

Lighthouse Anesthesia has been providing anesthesia care in the Southeast Georgia market for more than 60 years. The practice employs 102 full-time clinicians (28 anesthesiologists and 74 anesthetists) that provide services to St. Joseph’s/Candler, a 714-bed health care system in Savannah, Effingham Hospital and Care Center in Springfield, Ga., and 11 ambulatory surgery centers located throughout Georgia and North Carolina. Lighthouse Anesthesia’s inpatient and outpatient anesthesia services include general surgery, orthopedic, neurosurgery, cardiac, vascular and pediatric.

“After an extensive due diligence process that involved input from hospital administrators and affiliated clinicians, it was clear MEDNAX was the right choice,” said Richard Dodd, M.D., who will serve as medical director for the practice. “MEDNAX’s proven infrastructure as well as its research, education and quality initiatives, will support improved clinical outcomes and help us meet and exceed benchmarks in an increasingly complex and demanding healthcare environment.”

This acquisition adds to the services MEDNAX provides in Georgia across multiple specialties which include anesthesia, obstetric, maternal-fetal, neonatal and hearing screen services.

This was a cash transaction, and it is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.