The M&A Advisor and the Association for Corporate Growth (ACG) New York named the majority recapitalization of NAPA Management Services Corporation (NMSC)— North American Partners in Anesthesia (NAPA)’s affiliated practice management company—as the Healthcare and Life Sciences Deal of the Year. In addition, the transaction was also named the overall winner of the Middle Market Deal of the Year award.
The “Deal of the Year” announcement was made on June 20, 2011, during the inaugural Champion Awards ceremony, which recognizes outstanding achievements in the M&A industry in the New York region. An independent body of experts, who represent a cross-section of the middle market industry, judged the finalists’ deals; deal makers and firms. This year, there were over 120 finalist companies in 25 different categories.
The transaction to recapitalize NMSC brings new growth capacity to NMSC and will enhance the organization’s ability to pursue opportunities and maintain its leadership position in the expanding anesthesia management market.
“The ACG New York Champion’s Awards winners represent the best of M&A in the New York area in 2011, NMSC earned these honors by distinguishing themselves in a group of very impressive finalists,” said Roger Aguinaldo, CEO of The M&A Advisor. “Despite the continued challenging economic conditions NMSC has demonstrated that perseverance and performance lead to success in this market.”
“Being named among the winners is a tremendous honor,” said Timothy J. Dowd, M.D., NAPA Managing Partner and Board Chair, and NMSC Chief Executive Officer. These awards go on to further solidify the strength of our partnership, in addition to reinforcing the success of NMSC’s continued growth within this competitive marketplace.”
About NAPA Management Services Corporation
For nearly 20 years, NAPA Management Services Corporation (NMSC)— North American Partners in Anesthesia (NAPA)’s affiliated practice management company— has been providing high-quality, cost-effective solutions to some of the largest and fastest growing anesthesia groups in the country. Servicing over 900 physicians and nurses practicing in hospitals, physician offices and ambulatory surgical centers, NMSC offers a full suite of management, administrative, billing and collection solutions that provide the necessary non-medical support to complement each practice’s needs. For more information, please visit www.napaanesthesia.com.
About North American Partners in Anesthesia
Founded in 1986, North American Partners in Anesthesia (NAPA) is the largest single specialty anesthesia management company in the United States. With over 700 cliniciansnationwide, the company is known for having the most respected clinical staff, management leadership, and evidence-based quality initiative in the industry — resulting in maximized OR performance, reduced costs and consistent surgeon & patient satisfaction. For more information, please visit www.NAPAanesthesia.com/anesthesia.
The M&A Advisor
Since 1998, The M&A Advisor has been the preeminent organization facilitating connections and recognizing achievement in the top performers of the M&A, turnaround and financing industries through its leading Awards, Summits, M&A ALERTS™ newsletters, M&A LINKS ™ social network, M&A MARKET INTEL™ research and publishing service and M&A CONNECTS™ business development services. For more information, please visit www.maadvisor.com.
ACG New York
ACG New York is the premier association in New York City, representing 900 middle market deal-making professionals: private capital providers (both equity and debt), M&A advisors, corporate executives, accountants, attorneys and other related service providers. ACG New York annually hosts more than 50 events in New York City, Westchester and Long Island attended by over 7,000 professionals annually. For more information, please visit www.acgnyc.org.