![]() PRO-TD has not been compensated directly or indirectly for producing or publishing this document. Such sponsored content is outside the scope of procedures detailed below. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. PRO-TD has two distinct and independent departments. Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. The stock is trading at a PE ratio of 14.15 and currently has a market cap of $4.22 billion. MEDNAX's stock price advanced 5.65% in the last one month. A total volume of 1.35 million shares have exchanged hands, which was higher than the 3-month average volume of 1.27 million shares. On Thursday, October 19, 2017, the stock closed the trading session at $44.51, rising 5.67% from its previous closing price of $42.12. The Company is headquartered in Florida, United States.Įstablished in 2011 through the combination of three established radiology groups, Synergy Radiology Associates is Houston's premier radiology team comprised of more than 60 Board Certified Radiologists, a highly skilled clinical staff, and a vast group of support professionals. On January 30, 2017, the Company acquired Radiology Alliance, PC and Infinity Management, LLC based in Nashville, Tennessee.įounded in 1979, MEDNAX is a Health Solutions Partner that comprises the nation's leading providers of neonatal, anesthesia, maternal-fetal, and pediatric physician subspecialty services. MEDNAX completed the acquisition of Radiology Associates of South Florida (RASF), based in Miami, Florida, on August 23, 2017. ![]() The Company acquired Jefferson Radiology, PC and Jefferson Imaging Associates, LLC based in Hartford, Connecticut, on September 28, 2017, to expand its radiology services. Other Radiology Services Practice Acquisitions of MEDNAX in 2017 Medel added that the Company's partnership with Synergy Radiology Associates is very exciting, particularly given the group's prominent position in the field and its strategic partnerships with several key healthcare systems. MEDNAX is a valuable partner to radiology practices, offering world-class technological capabilities through vRad combined with MEDNAX's own practice-management expertise and physician-centric leadership. Medel, M.D., Chief Executive Officer (CEO) of MEDNAX, stated that the Company further expands its radiology physician services and enhances its integrated physician services offering through the acquisition. MEDNAX's affiliated radiologists will read more than 11 million studies annually after the transaction is completed.Īs a result of the acquisition, 10 physician group practices have become part of MEDNAX in 2017.Īcquisition Enables MEDNAX to Expand its Radiology Physician Services The financial terms of the transaction remained undisclosed. The acquisition was a cash and equity transaction and it is expected to be immediately accretive to earnings. Go directly to your stock of interest and access today's free coverage at: Today, our research desk covers a blog story on MD. For immediate access to our complimentary reports, including today's coverage, register for free now at:Īt Pro-TD, we make it our mission to bring you news that matter about the stock you follow. The Company announced on October 18, 2017, that it has acquired Houston-based private radiology physician group, Synergy Radiology Associates. (NYSE: MD), following which we have published a free report that can be viewed by signing up at. LONDON, UK / ACCESSWIRE / Octo/ Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for MEDNAX, Inc.
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