North American Partners in Anesthesia Acquires Norwich Anesthesia Associates
Melville, NY (June 19, 2012) — North American Partners in Anesthesia (NAPA), the largest single specialty anesthesia management company in the United States, continues to expand its growing roster of anesthesia practices with the addition of Norwich Anesthesia Associates (NAA). Norwich Anesthesia Associates is a medical practice that provides anesthesiology services at William W. Backus Hospital located in Norwich, CT.
“It was important for us to partner with a proven national anesthesia provider that has the infrastructure to provide us with access to services and stability, allowing our practice to focus on our ultimate goal of providing high quality clinical care,” says Paul Pudimat, MD, Chairman of Anesthesia at William W. Backus Hospital. “Our new partnership with NAPA will provide us the necessary infrastructure and resources to meet the changing needs of our hospital and our patients.”
Timothy J. Dowd, MD, NAPA Chief Executive Officer & Managing Partner said “As we continue to expand our services to new geographies, we’re looking for the highest quality anesthesia practices, like NAA, to work with. We’re thrilled to bring the NAA team into the NAPA family.”
In April 2011, Moelis Capital Partners, the private equity business of Moelis & Company, led a recapitalization of NAPA's practice management company, NAPA Management Services Corporation (NMSC) providing the company with the ability to pursue growth opportunities and maintain its leadership position in the expanding anesthesia management market.
NAA was advised by Cross Keys Capital in this transaction, which closed on June 1,2012.
About North American Partners in Anesthesia
Founded in 1986, North American Partners in Anesthesia (NAPA) is the largest single specialty anesthesia management company in the United States. With over 900 clinicians nationwide, the company is known for having the most respected clinical staff, management leadership, and evidence-based quality initiatives in the industry – resulting in maximized OR performance, reduced costs and consistent surgeon & patient satisfaction. For more information, please visit http://www.NAPAanesthesia.com/anesthesia.
ABOUT MOELIS CAPITAL PARTNERS
Moelis Capital Partners is a middle market private equity firm founded in 2007 in connection with the formation of Moelis & Company, a global investment bank. Moelis Capital Partners manages $700 million of committed private equity capital and specializes in traditional private equity investments in the middle market. For more information, please visit www.moeliscapital.com.