Group Manages Neonatal, Pediatric Critical Care, Emergency and
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Sep. 21, 2009--
MEDNAX, Inc. (NYSE: MD) has completed the acquisition of Children’s
Health Network (CHN), a physician group practice that provides a variety
of inpatient pediatric physician services at 11 hospitals in four states.
CHN was started in 1996 as a pediatric critical care practice providing
services at a Las Vegas, Nevada, hospital. Today, physicians practicing
as part of CHN provide patient care at neonatal and pediatric intensive
care units, pediatric emergency departments and through pediatric
hospitalist programs at hospitals in California, Nevada, Montana and
“We’ve grown beyond a traditional physician group because we consider
several stakeholders as part of our vision of care, from our hospital
partners to other clinical professionals involved with caring for our
patients,” said James Swift, M.D., who founded CHN and will continue to
lead the group as part of MEDNAX’s Pediatrix operating division.
“Pediatrix has a similar vision, and we look forward to the
opportunities that will come from collaborating as part of a much larger
network to gather outcomes data and to improve patient quality within
our pediatric subspecialties.”
CHN physicians staff two neonatal intensive care units (NICUs) in Las
Vegas, Nevada, and one in southern California that have combined annual
patient volume of approximately 25,000 patient days. The 12
neonatologists will practice as part of Pediatrix’s national physician
group practice, which now consists of more than 850 neonatologists
In addition, CHN includes 28 pediatric critical care physicians who
staff the pediatric intensive care units (PICUs) at eight hospitals, and
24 pediatric hospitalists in 10 hospitals in California, Nevada, Montana
and Louisiana. As a result of this transaction, Pediatrix now has more
than 80 pediatric hospitalists and more than 65 pediatric critical care
physicians who practice as part of its national group practice.
CHN also has 17 pediatric emergency medicine specialists who staff one
hospital in Las Vegas and one in Lafayette, Louisiana. Pediatric
emergency medicine is a new clinical service for Pediatrix.
At most of the 11 hospitals at which the group practices, CHN manages
multiple pediatric specialty services.
Dr. Swift is co-editor of “Pediatric Hospital Medicine: Textbook of
Inpatient Management,” which, when it was published in 2007 was the
first textbook for pediatricians practicing in in-patient settings.
MEDNAX acquired CHN for cash, and the transaction is expected to be
immediately accretive to its earnings. No additional terms of the
transaction were disclosed.
With the acquisition of CHN, MEDNAX has completed eight physician group
practice acquisitions during 2009.
MEDNAX, Inc., is a national medical group that comprises the nation’s
leading provider of neonatal, maternal-fetal and pediatric physician
subspecialty services as well as anesthesia services. Physicians and
advanced practitioners practicing as part of MEDNAX are reshaping the
delivery of care within their specialties and subspecialties, using
evidence-based tools, continuous quality initiatives and clinical
research to enhance patient outcomes and provide high-quality,
cost-effective care. Pediatrix Medical Group, a unit of MEDNAX, was
founded in 1979 and now includes neonatal physicians who provide
services at more than 250 neonatal intensive care units, who collaborate
with affiliated maternal-fetal medicine, pediatric cardiology and
pediatric intensivist physician subspecialists to provide a clinical
care continuum. Pediatrix is also the nation’s largest provider of
newborn hearing screens. In 2007, the Company expanded into anesthesia
services. Today, American Anesthesiology includes more than 450
anesthesiologists and advanced practitioners. MEDNAX, through its
affiliated professional corporations, employs more than 1,400 physicians
in 33 states and Puerto Rico. Additional information is available at www.mednax.com.
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Source: MEDNAX, Inc.
Bob Kneeley, 954-384-0175, x-5300