News & Events

South Oakland Anesthesia Associates is Acquired by American Anesthesiology division of MEDNAX

Press Release

Edgemont Capital Partners, L.P., a boutique investment bank focused on the advisory needs of healthcare companies worldwide, today announced the sale of South Oakland Anesthesia Associates, P.C. (“SOAA”), to MEDNAX, Inc. (NYSE: MD). Edgemont Capital Partners, L.P. acted as the exclusive financial advisor to SOAA. SOAA provides anesthesia care and pain management services at three hospitals, four ambulatory surgery centers, one eye center, and four pain management centers throughout Oakland, Wayne and Macomb counties in Michigan. The practice will become part of MEDNAX’s American Anesthesiology division. The transaction closed on December 21, 2012, and was led by Jeff Swearingen, the head of the firm’s Physician Services Group and Luke Mitchell, a principal at the firm. Brent Hill of Waller Lansden Dortch & Davis, LLP acted as legal counsel to SOAA in the transaction.

“The rapidly evolving healthcare reimbursement landscape is driving physician organizations to partner with larger, well-capitalized companies to meet the new requirements coming under The Patient Protection and Affordable Care Act. We believe this trend will continue to accelerate through 2013,” said Jeff Swearingen, managing director and co-founder of Edgemont Capital Partners, L.P.

South Oakland Anesthesia Associates was established in 1967 and is a private group practice that employs 73 anesthesiologists providing services across a wide spectrum of subspecialty areas, including orthopaedic, neurosurgical, pediatric, obstetric, cardiac, trauma, and critical care as well as acute and chronic pain medicine. The physicians practice in the anesthesia care-team model, which includes both residents and anesthetists. South Oakland physicians serve as the faculty for the Beaumont Health System residency program in anesthesiology.

“We chose to work with Edgemont after interviewing several firms. We found their level of transaction expertise and knowledge of anesthesia and hospital-based physician services to be a perfect match for our advisory needs. We really appreciate the level of commitment the Edgemont team showed to our engagement and Edgemont’s work resulted in a great transaction for South Oakland Anesthesia Associates” commented Paul O’Leary, head of SOAA’s Business Development Committee.

Edgemont Capital Partners Served as Exclusive Financial Advisor to SOAA in this Transaction.

About Edgemont Capital Partners

Edgemont Capital Partners, L.P. (, is a boutique investment bank focused on the advisory needs of healthcare companies worldwide. The firm’s deep healthcare industry knowledge, extensive relationship network and substantial transaction expertise allows Edgemont to address healthcare companies’ strategic advisory (M&A) and financing needs with great success. Edgemont Capital Partners, L.P. provides sell-side and acquisition advisory, restructuring advisory, board advisory and private placements services. For more information on Edgemont Capital Partners, L.P.’s efforts in Physician Services contact Jeff Swearingen at +1 (212) 867-8935. Investment banking services are provided by Edgemont Capital Partners, L.P., a registered broker-dealer and member of FINRA and SIPC.


At Edgemont Capital Partners
Jeff B. Swearingen, Managing Director
Phone: 212-867-8938

Luke J. Mitchell, Principal
Phone: 212-867-5181