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Stock Market & Financial Investment News

News Breaks
July 26, 2011
07:02 EDTMDMednax unit acquires Pinnacle Anesthesia group practice
American Anesthesiology, a subsidiary of MEDNAX, announced the acquisition of Pinnacle Anesthesia, P.L., a physician group practice that provides comprehensive anesthesia services at two hospitals and five office-based locations in Palm Beach County, Florida. The physician group practice consists of 15 anesthesiologists, who practice as part of a care team model that includes 16 group-employed certified registered nurse anesthetists. MEDNAX paid cash for the acquired practice, and the transaction is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.
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September 5, 2014
07:01 EDTMDMEDNAX completes acquisition of MedData
MEDNAX announced that it has completed the previously disclosed acquisition of MedData, a provider of revenue cycle management services that offers professional and facility coding, billing and collections, as well as an industry leading early out/patient pay solution to emergency department, hospitalist, physician specialty groups and hospitals. This was a cash transaction and is expected to be accretive to earnings, after non-cash amortization expense and interest expense.

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