Anesthesia Consultants of Dallas Joins Pinnacle Anesthesia in Partnership with USAP
Ft. Lauderdale, Fla., Jan. 22, 2015 -- U.S. Anesthesia Partners, Inc. (“USAP”), today announced a new partnership with Anesthesia Consultants of Dallas (“ACD”), a group of anesthesia providers serving the greater Dallas market.
ACD, founded in 1992, is the exclusive provider of anesthesia services at Methodist Dallas Medical Center and the Texas Regional Medical Center. Its highly regarded anesthesiologists and certified registered nurse anesthetists serve an additional 11 facilities, including 9 hospitals and two ambulatory surgery centers.
In connection with this new partnership, ACD will become integrated with Pinnacle Anesthesia, which serves the Dallas-Fort Worth area. Pinnacle Anesthesia is a founding partner of USAP along with Greater Houston Anesthesiology and JLR Medical Group in central Florida.
“We are pleased to partner with ACD, a high-quality practice that is well-positioned in the Dallas market,” said Kris Bratberg, Chief Executive Officer of USAP. “This partnership strengthens USAP’s presence in the important, fast-growing North Texas region.”
USAP will invest in ACD’s infrastructure, positioning the practice for continued growth and success. ACD’s physician partners will maintain governance of their practice through representation on the Pinnacle Clinical Governance Board.
"Partnering with Pinnacle and USAP will facilitate our delivery of consistent, quality anesthesia service for our patients and facilities in the DFW market," said Dr. Larry Scott, Managing Partner of ACD. "We look forward to adding to Pinnacle's reputation for quality anesthesia care and utilizing USAP's resources to help us meet the increasing demands of the hospital systems and payers we serve in our community."
“This is a unique opportunity for Pinnacle and ACD to come together to share resources,” said Dr. Scott Holliday, Chairman of Pinnacle’s Clinical Governance Board and a member of the Board of Directors for USAP. “Adding ACD to our practice in Dallas enhances our ability to provide the high quality anesthesia services that Dallas patients expect and deserve.”
MHT MidSpan served as financial advisor and Hallet & Perrin PC provided legal counsel to ACD. Anthony Norris of Ropes & Gray, LLP provided legal counsel to USAP.
Terms of the transaction were not disclosed.
About Anesthesia Consultants of Dallas, LLP
Anesthesia Consultants of Dallas (“ACD”) has been providing North Texas with anesthesia care for more than 23 years. With a team of 56 anesthesia providers they perform over 24,000 cases annually. For more information visit http://acdllp.com/
About U.S. Anesthesia Partners
U.S. Anesthesia Partners is an anesthesia focused physician services organization. It was formed by partnering leading anesthesia practices with business experts to create a platform with the capital resources to invest in their practice support infrastructure, and position them for continued success and growth within their markets. Key elements of USAP’s business model are its single-specialty focus and its ability to offer anesthesiologists equity ownership in USAP. USAP and its affiliates have more than 1,450 anesthesia providers serving three major metropolitan markets. USAP is sponsored by Welsh, Carson, Anderson & Stowe, an investment firm with significant experience investing in and building leading healthcare companies. Please visit www.usap.com to learn more.
Contacts:
U.S. Anesthesia Partners:
Michael Holland
Chief Development Officer
Michael.Holland@USAP.com
(954) 909-5739