Cleary Gottlieb represented MEDNAX Inc. (MEDNAX) in the sale of American Anesthesiology to North American Partners in Anesthesia.
The deal closed on May 6, 2020.
MEDNAX announced that completion of the transaction was a significant advance in its efforts to reduce the current and potential future impacts of the disruption from COVID-19 on its operations and financial condition, and going forward will enable MEDNAX to focus on its Pediatrix & Obstetrix and Radiology Solutions medical groups.
MEDNAX is a national health solutions partner comprised of the nation’s leading providers of physician services. The company was founded in 1979, and today, through its affiliated professional corporations, provides services through a network of more than 3,000 physicians in all 50 states and Puerto Rico. Since 2007, MEDNAX has provided anesthesia services through practices affiliated with American Anesthesiology, which generated revenue of approximately $1.2 billion in 2019.