MEDNAX acquires three physician group practices in San Antonio, TX and Miami, FL

MEDNAX, Inc., (NYSE: MD) today announced the acquisition of three separate physician group practices based in San Antonio, TX and Miami, FL, as well as the expansion of new services in Topeka, KS.

Center for Maternal Fetal Care, P.A., consists of two maternal-fetal medicine physicians and four clinical support staff who provide care to expectant mothers, including the management of high-risk and complicated pregnancies, throughout the greater San Antonio, TX area. Center for Maternal Fetal Care has one primary office location and a long-term relationship with Santa Rosa Hospital-City Centre in San Antonio, TX.

"With the uncertainty that exists in today's healthcare environment, we believe that becoming part of a national physician group will provide us with a high level of support for the future growth of our practice while enabling us to continue providing the best possible care for patients in the local community," said Kenneth Higby, M.D., who will serve as Pediatrix's medical director for the practice. "As part of Pediatrix, we also look forward to being able to collaborate with other maternal-fetal physicians across the country to share clinical knowledge to help further improve outcomes and provide the highest quality care for our patients and their families."

MEDNAX announced the acquisition of a solo pediatric cardiology practitioner that joins Pediatrix's existing group of pediatric cardiologists in Miami, FL who serve patients in communities throughout Miami-Dade County.

Separately, MEDNAX also announced the acquisition of Good Night Pediatrics, P.A., a pediatric after-hours clinic located in San Antonio, TX. Pediatric after-hours clinics complement a patient's primary care physician while providing a more cost-effective and specialized alternative to urgent care centers and emergency departments. Good Night Pediatrics is the first pediatric after-hours clinic to join MEDNAX's network.

MEDNAX also announced the start of pediatric critical care physician services at Stormont-Vail Healthcare in Topeka, KS. Through a previous physician group practice acquisition, neonatologists who are part of MEDNAX's Pediatrix Medical Group division already provide care for infants in the neonatal intensive care unit (NICU) at Stormont-Vail Healthcare.

The physicians joining as a result of these transactions will practice as part of MEDNAX's Pediatrix Medical Group, a national medical group consisting of the nation's leading neonatal, maternal-fetal medicine, pediatric cardiology, and other pediatric specialty physicians.

MEDNAX paid cash for the practices acquired, and the transactions are expected to be immediately accretive to its earnings. No additional terms of the transactions were disclosed.

Source: MEDNAX