FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--MEDNAX, Inc. (NYSE: MD), today announced the acquisition of Cool Springs Interventional, LLC based in Franklin, Tenn. The practice was established in 2008 and provides outpatient interventional services. Radiology Alliance, a MEDNAX affiliate based in Nashville, Tenn., will manage the practice moving forward.
Radiology Associates of South Florida, a MEDNAX affiliate based in Miami, also began proving radiology services in Naples, Fla. to Physicians Regional Healthcare System at both the Pine Ridge and Collier Medical Centers.
These expansions add to the services MEDNAX provides in Tennessee and Florida through its affiliated network of physicians across multiple specialties, which include anesthesiology, maternal-fetal medicine, neonatology, newborn hearing screens, obstetric hospitalist, pediatric cardiology, pediatric hospitalist, pediatric intensive care, pediatric gastroenterology, pediatric urology, pediatric infectious disease and pediatric surgery.
Cool Springs Interventional was a cash transaction and it is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.
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 approximately 4,075 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.
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