U.S. Anesthesia Partners and Welsh, Carson, Anderson & Stowe Complete the Partnership with Greater Houston Anesthesiology

NEW YORK & FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--

U.S. Anesthesia Partners (“USAP”), an anesthesia-focused physician services organization backed by Welsh, Carson, Anderson & Stowe (“WCAS”), announced today that it has successfully closed the previously announced transaction with Greater Houston Anesthesiology P.A. (“GHA”) under which GHA will serve as USAP's cornerstone affiliated practice. As part of the transaction, USAP also completed its acquisition of the assets of GHA that provide practice management and business support services.

About U.S. Anesthesia Partners

U.S. Anesthesia Partners is a single-specialty physician services organization that offers practice management services to anesthesiologists. It was recently formed by WCAS and members of management to identify and partner with leading, quality groups of anesthesiologists who seek a strategic partner with the capital resources and expertise to invest in their practice support infrastructure and position them for continued success and growth within their markets. Key elements of USAP's business model are its single-specialty focus and its ability to offer anesthesiologists equity ownership in USAP. Please visit www.usanesthesiapartners.com to learn more.

About Greater Houston Anesthesiology, P.A.

Since 1996, Greater Houston Anesthesiology, P.A., a private practice, has provided leading anesthesiology services for major medical facilities in, and surrounding, Houston, Texas and recently expanded its services into the Austin market. GHA is one of the largest anesthesia groups in the country, employing over 400 anesthesia providers, including approximately 220 physicians. In order to uphold GHA's reputation of quality, each GHA anesthesiologist holds and maintains a license to practice medicine in the state of Texas and is Board Certified or Board Eligible. It is GHA's policy that all anesthesia providers are ACLS certified.

GHA anesthesia providers perform approximately 250,000 cases annually in all areas of anesthesiology, including cardiovascular, neurosurgery, obstetrics, orthopedics, pediatrics, transplant and acute pain management. GHA is the primary anesthesia provider for over 40 medical facilities in the greater Houston area. The practice environments include the leading hospitals in the world's largest medical center, community medical centers, surgery centers and surgeons' offices across the greater Houston area.

About Welsh, Carson, Anderson & Stowe

Welsh, Carson, Anderson & Stowe focuses its investment activity in two target industries: healthcare and information/business services. Since its founding in 1979, WCAS has organized 15 limited partnerships with total capital of $20 billion. WCAS is currently investing an equity fund, Welsh, Carson, Anderson & Stowe XI, L.P. See www.welshcarson.com to learn more.