MEDNAX acquires Laredo-based pediatric cardiology physician group

MEDNAX, Inc., (NYSE: MD) today announced the acquisition of a pediatric cardiology physician group based in Laredo, TX.

“By joining Pediatrix and working directly with their pediatric cardiologists across the country, we'll be able to greatly broaden our possibilities to improve patient outcomes and provide cutting-edge care by participating in educational programs, clinical quality initiatives, and sharing information with colleagues throughout the country”

The practice, Roberto Villarreal M.D., P.A., consists of two physicians who provide a range of cardiology services to pediatric patients throughout the southern region of Texas.

The physicians will practice as part of MEDNAX's Pediatrix Medical Group, a national medical group that comprises the nation's leading provider of neonatal, maternal-fetal medicine and pediatric cardiology physicians, as well as other pediatric subspecialists.

"By joining Pediatrix and working directly with their pediatric cardiologists across the country, we'll be able to greatly broaden our possibilities to improve patient outcomes and provide cutting-edge care by participating in educational programs, clinical quality initiatives, and sharing information with colleagues throughout the country," said Roberto Villarreal, M.D. "We are very excited to 'expand the horizons' of patient care in Laredo by bringing Pediatrix's advancements in technology, clinical information and quality improvement, as well as the resources and support of a national group to the patients in our community."

MEDNAX paid cash for the practice, and the transaction is expected to be immediately accretive to its earnings. No additional terms of the transaction were disclosed.

With this acquisition, eight physician group practices have become part of Pediatrix Medical Group in 2010.