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. If you are looking for a robust medical bil.LONDON, UK / ACCESSWIRE / Octo/ Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for MEDNAX, Inc. They tackle any project we send their way with integrity and fervor. Andrea and her team have a strong work ethic and are a pleasure to work with. They continually find ways to improve revenue growth and streamline our processes. With their decades of medical billing experience and expertise, Synergy has worked with numerous billing software packages so understanding our billing software needs was an easy transition. They provide personal service that goes above and beyond what most medical billing service companies provide today. We only wish we would have started using their services sooner. They came highly recommended by one of our radiologists who use their services with his imaging center and after speaking with their numerous references, we knew they were the company for us. Flag as inappropriate As the Business Manager for Florida Keys Radiology, we have been extremely happy with the medical billing services provided by Synergy Health Partners.
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