North American Partners in Anesthesia, an anesthesia and perioperative management company and a portfolio company of Moelis Capital Partners, has acquired New Jersey Anesthesia Group.
New Jersey Anesthesia Group (NJAG) provides anesthesia services for St. Joseph’s Regional Medical Center, St. Joseph’s Wayne Hospital, Meadowlands Hospital Medical Center, and St. Michael’s Medical Center. In addition, NJAG provides anesthesia services to more than 12 outpatient facilities in the region. Total Pain Care, a division of NJAG that provides pain management services, was also included in the transaction. NJAG was founded in 1988 and is based in Paterson, NJ (no website found).
North American Partners in Anesthesia (NAPA) is an anesthesia management company. The company partners with hospitals and other health care facilities to provide anesthesia and perioperative services. NAPA was acquired by Moelis Capital Partners in April 2011. The company is based in Melville, NY (www.napaanesthesia.com).
“From our first interactions with NJAG leadership, it was clear that NAPA and NJAG shared a similar clinical philosophy and approach to delivering care,” said Timothy Dowd, CEO and Managing Partner of North American Partners in Anesthesia. “As NAPA looks to strategically expand, we are seeking high quality practices with a strong leadership and focus, which is exactly what NJAG embodies.”
Moelis Capital Partners is a middle market private equity firm founded in 2007 in connection with the formation of Moelis & Company, an independent investment bank. Moelis Capital Partners manages $800 million of committed private equity capital and specializes in traditional private equity investments in the middle market. The firm is based in New York (www.moelis.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 5-23-13