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NorthStar Anesthesia Closes Acquisition of Surgery Partners Anesthesia Services Business
Wednesday 16 September 2020

US-based anesthesia care provider and manager NorthStar Anesthesia's Anesthesia Consulting and Management, LP business has completed an acquisition of select anesthesia services businesses of US-based short-stay surgical facility owner and operator Surgery Partners, Inc. (NASDAQ: SGRY), the company said.

Founded in 2004, Surgery Partners is one of the largest surgical services businesses in the US Surgery Partners' anesthesia business provides and manages third party providers of anesthesia services at 25 locations across select Surgery Partners facilities in Georgia, Florida, Kentucky, North Carolina and Texas.

Through its outsourced and managed anesthesia service providers, NorthStar serves hospitals and ambulatory surgery centers across the country.

Since the company's founding in 2004, NorthStar has transitioned anesthesia departments in more than 120 facilities in 19 states and is focused on further expansion through a combination of organic and acquisition-driven growth opportunities.

This acquisition is consistent with NorthStar's growth strategy to expand the company's provision and management of providers of anesthesia services to facilities in markets where NorthStar already operates.

This transaction will further expand NorthStar's presence in its core markets including Georgia as well as areas in the Midwest, Mid-Atlantic and Southeast, strengthening the company's ability to provide anesthesia care.

Katten Muchin Rosenman LLP served as legal counsel to NorthStar. Greenhill and Co. served as exclusive financial advisor to Surgery Partners and McDermott Will and Emery served as its legal counsel.

Headquartered in Brentwood, Tennessee, Surgery Partners is a healthcare services company.
Date Published: 16/09/2020