PhyMed Partners with Grand Canyon Anesthesia
Anesthesia Services Provider Expands Into Southwest With Phoenix Practice
NASHVILLE, November 11, 2018 — PhyMed Healthcare Group ("PhyMed"), a physician-led and owned anesthesia and pain management service provider, has completed a transaction with Grand Canyon Anesthesia (“GCA”), a Phoenix-based anesthesiology practice organization.
“Grand Canyon Anesthesia has a distinguished track record of high-quality care in the Phoenix area,” says Marty Bonick, chief executive officer of PhyMed. “Fueled by our data and analytics capabilities, PhyMed’s focus on operational, clinical and service excellence will support GCA as they continue to expand in the market.”
Founded in 2009, GCA currently operates across the Phoenix valley, providing anesthesia services to both inpatient, outpatient and office-based healthcare partners with a team of over 65 physicians anesthesiologists and certified registered nurse anesthetists.
“We share PhyMed’s commitment to the highest clinical quality standards in the delivery of care to our patients and facilities, alike.”, said Hafez Azadeh, M.D., co-founder of GCA. “Given today’s dynamic healthcare environment, PhyMed puts us on a strong footing with the necessary support and resources that come with being affiliated with a larger organization.”, said Nizam Missaghi, M.D., co-founder of GCA.
GCA was advised by Houlihan Lokey and Sheppard, Mullin, Richter and Hampton LLP. PhyMed was advised by Bass, Berry & Sims PLC and LBMC PC. Terms of the transaction were not disclosed.