FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Oct. 2, 2018--
MEDNAX, Inc. (NYSE:MD), today announced the acquisition of Radiology
Specialists, LTD, a private radiology physician group based in Las
Vegas. This marks the Company’s seventh radiology services practice
acquisition and first in the state of Nevada, further establishing
MEDNAX Radiology Solutions as a recognized leader in radiology, an
innovator in health care informatics and a pioneer in telemedicine.
Comprising 25 board certified and fellowship trained physicians, the
practice provides a broad range of diagnostic and interventional
radiology services, including body imaging, neuroradiology,
musculoskeletal imaging, cardiac imaging, breast imaging, pediatric
radiology, nuclear medicine and image guided therapy. For more than 50
years, it has partnered with Sunrise Health, servicing Sunrise Hospital
& Medical Center, Southern Hills Hospital & Medical Center, Sunrise
Children’s Hospital and MountainView Hospital.
"As a leading, high-performance radiology practice notably serving
Nevada's only Comprehensive Stroke Center, we recognize that our
continuing success relies upon timely adaptation to a dynamic radiology
environment, with the groups most responsive to change at a distinct
advantage,” said Sean D. Beaty, M.D., president of Radiology
Specialists. “In partnering with MEDNAX, we are confident that we will
successfully navigate the many current challenges that radiology
practices face. MEDNAX shares our mission to provide measurable,
high-quality radiology services to achieve the greatest possible benefit
for the patients, clinicians and facilities that we serve."
Upon completion of the transaction, MEDNAX’s affiliated radiologists
will read more than 11.5 million studies annually.
This was a cash transaction, and it is expected to be immediately
accretive to earnings. No additional terms of the transaction were
disclosed.
With this acquisition, six physician group practices have become part of
MEDNAX in 2018.
ABOUT MEDNAX
MEDNAX, Inc. is a national health solutions partner based in Sunrise,
Fla. comprised of the nation's leading providers of physician 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, clinical research and telemedicine to enhance patient
outcomes and provide high-quality, cost-effective care. The Company was
founded in 1979, and today, through its affiliated professional
corporations, MEDNAX provides services through a network of more than
4,100 physicians in all 50 states and Puerto Rico. In addition to its
national physician network, MEDNAX provides services to healthcare
facilities and physicians in over 40 states through two complementary
businesses, consisting of a revenue cycle management company and a
consulting services company. Additional information is available at www.mednax.com.
Certain statements and information in this press release may be
deemed to contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements may
include, but are not limited to, statements relating to our objectives,
plans and strategies, and all statements, other than statements of
historical facts, that address activities, events or developments that
we intend, expect, project, believe or anticipate will or may occur in
the future. These statements are often characterized by terminology such
as “believe”, “hope”, “may”, “anticipate”, “should”, “intend”, “plan”,
“will”, “expect”, “estimate”, “project”, “positioned”, “strategy” and
similar expressions, and are based on assumptions and assessments made
by MEDNAX’s management in light of their experience and their perception
of historical trends, current conditions, expected future developments
and other factors they believe to be appropriate. Any forward-looking
statements in this press release are made as of the date hereof, and
MEDNAX undertakes no duty to update or revise any such statements,
whether as a result of new information, future events or otherwise.
Forward-looking statements are not guarantees of future performance and
are subject to risks and uncertainties. Important factors that could cause
actual results, developments, and business decisions to differ
materially from forward-looking statements are described in MEDNAX’s
most recent Annual Report on Form 10-K and its Quarterly Reports on Form
10-Q, including the sections entitled “Risk Factors”, as well MEDNAX’s
current reports on Form 8-K, filed with the Securities and
Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181002005214/en/
Source: MEDNAX, Inc.
MEDNAX, Inc.
Charles Lynch, 954-384-0175 ext. 5692
Vice
President, Strategy and Investor Relations
charles_lynch@mednax.com