Sheridan, the Physician Services Division of AmSurg Corp. (based in Tennessee), acquired Coastal Anesthesiology Consultants, P.A. AmSurg has been focusing on investments in emergency and anesthesia services. Coastal Anesthesiology Consultants currently has 25 healthcare providers, including physicians, registered nurse anesthetists, and anesthesiologist assistants, who serve patients at Flagler Hospital and St. Augustine Surgery Center in Florida.
The need for anesthesia services will significantly increase with the rising volume in surgeries. More than 100 million operations and procedures are performed with anesthesia annually. Furthermore, the anesthesiology market is worth $19 billion, which is expected to increase. Consequently, AmSurg is aiming to capture a larger share of the anesthesiology market. This past April, Sheridan also acquired Halifax Anesthesiology Associates, P.A. of Florida, and in January collaborated with Ambulatory Anesthesia Care, P.C. of New Jersey. In AmSurg's first-quarter report for 2015, its anesthesia services contributed 36% of its total revenue growth.
To read more from Caroline click here
To read more from Zacks.com click here
Caroline Smith is currently a senior at the University of Notre Dame and is a contributor to Medical Groups. She is majoring in Science-Business and Spanish. After graduation, Caroline plans on entering the field of healthcare consulting. She is most interested in the evolving policy changes in the healthcare industry and enjoys learning about new technologies that are being developed.