North American Partners in Anesthesia Welcomes New Britain Anesthesia
Melville, NY (Jan. 9, 2012) — North American Partners in Anesthesia (NAPA), the largest single specialty anesthesia management company in the United States, recently added New Britain Anesthesia, P.C. (NBA), a medical practice that provides anesthesiology services at hospitals and other medical facilities in central Connecticut, to its growing roster of anesthesia practices.
“As the specialty of anesthesiology and our healthcare system continues evolve, we believe that NAPA is the right match for anesthesiologists who want to be participants in reshaping the delivery of medicine,” said Timothy J. Dowd, MD, Managing Partner of NAPA. “Finding and working with strong, high quality anesthesia practices that want to remain vested in their future, such as NBA, is one of our strategic goals.”
“The resources NAPA provides will help us meet our hospital’s growing need for anesthesia services that can demonstrably provide superior care to patients,” says Michael Loiacono, DO, Chairman of Anesthesia at NBA. “As a medical practice that understands the benefit of working with a larger organization, we see NAPA as the perfect fit. We are able to continue to practice medicine with the same local focus on quality we’ve always had, while adding the infrastructure NAPA has developed.”
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.
New Britain Anesthesia, P.C. was advised by Cross Keys Capital, LLC in this transaction.
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 750 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.
Media Contacts:
Jill Aaronson, Marketing Coordinator
North American Partners in Anesthesia
t: (516) 945-3030
jaaronson@NAPAanesthesia.com
Andrea Hurst
Moelis & Company
t: (212) 883-3666 m: (347) 583-9705
andrea.hurst@moelis.com
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