NorthStar Anesthesia, one of the country’s leading anesthesia care companies, announced today that it has acquired Anesthesia Concepts, LLC, a Maryland-based company specializing in anesthesia services for ambulatory surgery centers (ASCs) and hospitals.
This is NorthStar’s first expansion into the Mid-Atlantic region, where Anesthesia Concepts provides services to 11 facilities in Maryland and Virginia. This network bolsters NorthStar’s expertise in ASCs and adds to its network of nearly 70 locations around the country.
“We’re excited to welcome Anesthesia Concepts to the NorthStar team; this acquisition highlights NorthStar’s growth opportunities and creates a strong platform for expansion in the Mid-Atlantic,” said NorthStar CEO Chris Riopelle. “Healthcare facilities around the country are constantly looking for ways to improve quality and become more efficient in the operating room. We have been partnering with hospitals and ASCs to do just that for 10 years, and Anesthesia Concepts is going to further strengthen our ability to deliver high quality, cost-effective care.”
According to Dr. David Jordan, President and CEO of Anesthesia Concepts, “This is a great opportunity for both of us. As a practicing anesthesiologist, I have found that NorthStar’s provider-centric perspective, commitment to quality and desire to grow are a perfect fit for our team. We are proud to combine our wealth of experience with theirs, and we’re eager to expand our business together.”
About NorthStar Anesthesia
NorthStar Anesthesia is a company of caregivers, founded by an anesthesiologist and a CRNA. NorthStar partners with hospitals and ASCs to deliver a more productive and efficient model of anesthesia care. Its care team approach focuses on the provision of high quality while measurably improving operating room performance. That same approach attracted a majority investment from TPG Growth in 2013 and established NorthStar as one of the most successful and fastest growing anesthesia care companies in America. For more information, visit www.northstaranesthesia.com
About TPG Growth
TPG Growth is the middle market and growth equity investment platform of TPG, the global private investment firm. With $3.7 billion under management, TPG Growth targets investments in a broad range of industries and geographies. The firm is backed by the resources of TPG, which has over $59 billion of assets under management. TPG has a long history of investments in healthcare including Par Pharmaceutical Companies, Biomet, Evolent Health, IASIS Healthcare, Healthscope Limited, Sutures India Pvt Ltd, Surgical Care Affiliates, IMS Health, Access Clinical Partners, Biomet, Envision Pharmaceutical, Quintiles Transnational, Oxford Health Plans and IMDSoft, among others. TPG Growth has offices in the United States, China and India. For more information, visit www.tpggrowth.com.