FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--MEDNAX, Inc., (NYSE: MD) today announced the acquisition of Neonatology Center of Winchester, P.C., a neonatal physician group practice based in Winchester, Va. The practice will become part of MEDNAX’s Pediatrix Medical Group division, a national group practice consisting of the nation’s leading neonatal, maternal-fetal medicine, pediatric cardiology, and other pediatric specialty physicians.
Established in 1996, Neonatology Center of Winchester is a private practice which exclusively provides a wide spectrum of services including neonatal intensive care, transport services as well as maternal, emergency room, and newborn nursery consults at Winchester Medical Center, a Level III, 30-bed neonatal intensive care unit (NICU).
“Joining Pediatrix will afford us the opportunity to continue to develop quality improvement efforts in the care of babies while they are hospitalized, enhance research and education initiatives, as well as place energy into community and legislative efforts that affect change for their futures,” said Teresa Clawson, M.D., Medical Director of Neonatology Services at Winchester Medical Center.
The practice was acquired for cash and the transaction is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.
With this acquisition, ten physician group practices have become part of MEDNAX in 2013, five as part of Pediatrix Medical Group, and five as part of American Anesthesiology.
MEDNAX, Inc. is a national medical group comprised of the nation's leading providers of neonatal, maternal-fetal and pediatric physician subspecialty services as well as anesthesia 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 and clinical research to enhance patient outcomes and provide high-quality, cost-effective care. Pediatrix Medical Group, a unit of MEDNAX, was founded in 1979 and now includes neonatal physicians who provide services at more than 330 neonatal intensive care units, who collaborate with affiliated maternal-fetal medicine, pediatric cardiology and pediatric critical care physician subspecialists to provide a clinical care continuum. Pediatrix is also the nation's largest provider of newborn hearing screens. In 2007, MEDNAX expanded into anesthesia services. Today, American Anesthesiology includes more than 1,700 anesthesiologists and advanced practitioners who provide anesthesia care to patients in connection with surgical and other procedures as well as pain management. MEDNAX, through its affiliated professional corporations, employs more than 2,200 physicians in 34 states and Puerto Rico. Additional information is available at www.mednax.com.
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