|High / Low range:||1.56|
MEDNAX Expands Presence in Florida through Affiliation with Leading Pediatric Otolaryngology Practice
MEDNAX, Inc. (NYSE: MD), today announced its affiliation with CENTA, P.L., a private pediatric otolaryngology practice based in Orlando, Fla.
Founded in 2006, CENTA is an established group that has provided pediatric otolaryngology, allergy and audiology services in Central Florida for more than 12 years. The group’s two founding partners have practiced in the region for more than 20 years. Comprising four physicians, three audiologists and three nurse practitioners, the practice serves patients through three local offices as well as Maitland Surgery Center, AdventHealth Orlando and Arnold Palmer Hospital for Children.
“With the support of the MEDNAX national network, we can better navigate the challenging healthcare environment and focus more on patient care and less on administrative functions,” said James Kosko, M.D., who will serve as medical director for the practice. “Our physicians are consistently recognized as top providers in the field with more than 60 years of combined experience, and we look forward to continuing to care for the Central Florida community for many years to come.”
This affiliation adds to the services MEDNAX provides in Florida through its network of affiliated physicians across multiple specialties, including anesthesiology, developmental pediatrics, maternal-fetal medicine, neonatology, newborn hearing screen, OB hospitalist, pediatric cardiology, pediatric critical care, pediatric hospitalist, pediatric surgery/plastic surgery, pediatric urology and radiology.
MEDNAX’s affiliated physician practices provide excellent Women's and Children's care in Central Florida. Its physician network provides a variety of prenatal, neonatal and pediatric services to more than 12 area hospital partners.
This was a cash transaction, and it is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.
MEDNAX, Inc. is a national health solutions partner based in Sunrise, Fla. comprised of the nation's leading providers of physician services. Physicians and advanced practitioners practicing as part of MEDNAX are reshaping the delivery of care within their specialties and subspecialties, using evidence-based tools, continuous quality initiatives, clinical research and telemedicine to enhance patient outcomes and provide high-quality, cost-effective care. The Company was founded in 1979, and today, through its affiliated professional corporations, MEDNAX provides services through a network of more than 4,200 physicians in all 50 states and Puerto Rico. In addition to its national physician network, MEDNAX provides services to healthcare facilities and physicians in over 40 states through two complementary businesses, consisting of a revenue cycle management company and a consulting services company. Additional information is available at www.mednax.com.
Certain statements and information in this press release may be deemed to contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may include, but are not limited to, statements relating to our objectives, plans and strategies, and all statements, other than statements of historical facts, that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future. These statements are often characterized by terminology such as “believe,” “hope,” “may,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” “project,” “positioned,” “strategy” and similar expressions, and are based on assumptions and assessments made by MEDNAX’s management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Any forward-looking statements in this press release are made as of the date hereof, and MEDNAX undertakes no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Important factors that could cause actual results, developments, and business decisions to differ materially from forward-looking statements are described in MEDNAX’s most recent Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q, including the sections entitled “Risk Factors”, as well MEDNAX’s current reports on Form 8-K,filed with the Securities and Exchange Commission, and include the effects of economic conditions on MEDNAX’s business; the effects of the Affordable Care Act and potential changes thereto or a repeal thereof; MEDNAX’s relationships with government-sponsored or funded healthcare programs, including Medicare and Medicaid, and with managed care organizations and commercial health insurance payors; MEDNAX’s ability to consummate the proposed disposition of MedData; the timing and contribution of future acquisitions; the effects of share repurchases; and the effects of MEDNAX’s shared services and operational initiatives.