MEDNAX (NYSE:MD) hit the big 10 in August 2016, with its tenth acquisition of the year. The serial acquirer picked up privately-held Associated Anesthesiologists of Reno, P.C., the largest anesthesia practice in northern Nevada, offering anesthesia care across a broad range of subspecialties, including orthopedic, obstetric, pediatric and cardiac and critical care.
MEDNAX continues to capitalize on anesthesiology practices’ need to become a part of a larger organization in order to meet the data and technology capabilities that hospitals are asking of them, and this purchase marks its sixth anesthesiology acquisition of the year.
Outside of anesthesiology, MEDNAX acquired privately-held Mid-Missouri Neonatology LLC, privately-held Children’s Eye Care of North Texas, privately-held Pediatric Ear, Nose and Throat Institute of South Texas, P.A, and privately-held Virginia-based Pediatric Cardiology Associates.
In a recent earnings call, CEO Dr. Roger Medel said the scope of the company’s hospital relationships continue to grow, and its recent pediatric acquisitions reflect the ways its partners are asking it to help them to build out additional pediatric services.
As the year continues, Mednax plans target radiology groups, following its $500 million acquisition of Virtual Radiologic Corp. (vRAD) in May 2015.