MEDNAX Divests Radiology Division to PE-Backed Firm

MEDNAX Divests Radiology Division to PE-Backed Firm

by | Sep 14, 2020 4:28 pm | Physician Medical Groups

MEDNAX, Inc. (NYSE: MD) announced its second major sale of 2020 last week. After divesting its anesthesiology group, American Anesthesiology, Inc., to North American Partners in Anesthesia for $50 million in May, the physician-led health care organization has decided to sell MEDNAX Radiology Solutions as well. Radiology Partners Inc. (RP), a portfolio company of New Enterprise Associates, is buying the subsidiary for $885 million. MEDNAX Radiology Solutions consists of more than 300 onsite radiologists who primarily serve patients in Connecticut, Florida, Nevada, Tennessee and Texas, and more than 500 teleradiologists, who serve patients in all 50 states. Its physicians interpret... Read More »
Radiology Partners Expands in North Carolina

Radiology Partners Expands in North Carolina

by | May 24, 2019 12:38 pm | Physician Medical Groups

Radiology practices are hot targets these days. Even as technologies like artificial intelligence and machine learning speed up the number of images read, a trained physician still has the superior knowledge to detect abnormalities. Radiology Partners Inc., a portfolio company of New Enterprise Associates, added Greensboro Radiology to its own portfolio of practices in May. The practice was established through the consolidation of four leading radiology groups in the Triad region of North Carolina over the last 20 years. The group, which now has 68 physicians, provides radiology services and serves 50+ hospitals and imaging centers, and holds key strategic relationships with Cone Health,... Read More »