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Stock Market & Financial Investment News

News Breaks
May 6, 2014
07:14 EDTMDMEDNAX acquires anesthesiology practice in New Jersey
MEDNAX announced the acquisition of Anesthesia and Pain Management Group, LLC, a private physician group practice based in Millburn, N.J. The practice will become part of MEDNAXís American Anesthesiology division. This was a cash transaction, and it is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.
News For MD From The Last 14 Days
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May 18, 2015
07:07 EDTMDMEDNAX completes acquisition of vRad for $500M
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May 12, 2015
08:42 EDTMDMEDNAX to acquire vRad in cash transaction valued at $500M
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07:35 EDTMDMEDNAX to host conference call
Conference call to discuss acquisition of vRad will be held on May 12 at 9 am. Webcast Link
07:11 EDTMDMEDNAX to acquire vRad for $500M in cash
MEDNAX announced the signing of a definitive agreement to acquire Virtual Radiologic Corporation, or vRad, a radiology physician services and telemedicine company, for $500M. vRad currently generates annual revenue of roughly $185M through its network of more than 350 U.S.-board certified and eligible radiologists, more than 75% of whom are subspecialty trained. vRadís current management team will remain with the company as part of MEDNAX. The transaction is expected to be completed during the second quarter of 2015. This is a cash transaction, and it is expected to be accretive to earnings, including interest and non-cash amortization expense.

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