MEDNAX Continues Its Expansion in Radiology with the Acquisition of Another Leading South Florida Radiology
Practice
MEDNAX, Inc. (NYSE: MD), a leading physician services and health solutions provider, today announced the acquisition of Bethesda
Radiology Associates, Inc., a private radiology physician group based in Boynton Beach, Fla. The practice will integrate with
Radiology Associates of South Florida, LLC, a MEDNAX-affiliated physician practice located in Miami and serving all of South
Florida.
This marks the Company’s ninth radiology practice acquisition, further establishing MEDNAX Radiology Solutions as one of the
largest radiology practices in the nation, reading more than 11.7 million studies through its more than 750 board-certified or
eligible radiologists.
The practice specializes in vascular radiology, interventional radiology, breast imaging, neuroradiology, diagnostic imaging and
nuclear medicine, and has provided services to Bethesda Hospital East and Bethesda Hospital West for 45 years. In addition, the
group services the Bethesda Outpatient Imaging Center at Bethesda Health City and Wellington Regional Medical Center’s Outpatient
Diagnostic Center.
“We are excited to join MEDNAX and our colleagues at Radiology Associates of South Florida in bringing unified radiology
services to Baptist Health’s patients stretching from Miami-Dade County to Palm Beach County,” said Lane Deyoe, M.D., president of
Bethesda Radiology Associates. “We believe this partnership will further the established goals at the outset of the merger of
Bethesda Health into Baptist Health.”
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, nine 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 4,225 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.
Charles Lynch
Vice President, Strategy and Investor Relations
954-384-0175 ext. 5692
charles_lynch@mednax.com
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