MEDNAX Adds More Radiologists

MEDNAX Adds More Radiologists

MEDNAX (NYSE: MD) inked its seventh acquisition of the year in a deal that expands its radiology presence into the southeastern United States. On August 23, the company announced its acquisition of Radiology Associates of South Florida (RASF) in Miami. RASF provides diagnostic radiology, interventional radiology and vascular surgery services at Baptist Health South Florida, the largest healthcare system in South Florida, inclusive of seven hospitals and more than 50 outpatient facilities, and performs approximately 1 million studies per year. Terms were not disclosed. The group’s more than 70 physicians are highly subspecialized, including cardiovascular imaging, neuroradiology, body... Read More »
MEDNAX Moves into Radiology

MEDNAX Moves into Radiology

It’s been a while since MEDNAX (NYSE: MD) surprised the healthcare industry with its $500 million acquisition of Virtual Radiologic Corporation (NASDAQ: VRAD). Since May 2015, in fact. Consider the wait over. The MEDNAX M&A juggernaut is rolling into the radiology arena. The acquisition of vRad added approximately 350 radiologists to MEDNAX’ payroll back then, at an average of $1.4 million per radiologist. It also added a telemedicine component, which was previously missing from MEDNAX’ dealings with hospitals on behalf of its anesthesiology and neonatology divisions. Essentially, vRad physicians read and interpret more than 5 million diagnostic imaging studies... Read More »