FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--MEDNAX, Inc. (NYSE: MD), today announced the acquisition of Midwest Perinatal Associates, P.A., a private maternal-fetal medicine physician practice based in Overland Park, Kansas.
Established in 1994, Midwest Perinatal Associates employs eight clinicians inclusive of two full-time maternal-fetal medicine specialists, three full-time sonographers and three full-time registered nurses, as well as five non-clinical associates. The practice specializes in care for expectant mothers, including those with high-risk and complicated pregnancies, by providing ultrasound services, fetal non-stress tests, amniocentesis procedures, genetic counseling, screenings, transfusions and other services. Midwest Perinatal Associates has two patient offices - in Overland Park, Kansas and North Kansas City, Missouri and provides services to Overland Park Regional Medical Center, Research Medical Center and Centerpoint Medical Center.
“MEDNAX has built an industry leading physician services platform that is ideally positioned to enable our practice to navigate the evolving healthcare landscape while providing outstanding services to our patients,” said Brent E. Finley, M.D., who will serve as medical director. “Further, MEDNAX’s nationally-recognized research, education and quality initiatives will help us expand our vision for best practice protocols in maternal-fetal medicine.”
This acquisition adds to the services MEDNAX provides in Kansas and Missouri which include maternal-fetal medicine, neonatology, newborn hearing screen, pediatric intensive care, pediatric surgery, pediatric orthopedics, pediatric neurology, pediatric child development, pediatric cardiology and radiology.
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, four physician group practices have become part of MEDNAX in 2017.
ABOUT MEDNAX
MEDNAX, Inc. is a national health solutions partner 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 3,675 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 management services organization 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.
