FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--MEDNAX, Inc. (NYSE: MD), today announced the acquisition of Children’s Urology Associates, P.A., a private pediatric urology practice based in Miami.
Children’s Urology was established in 1999 and employs six physicians, all fellowship trained in pediatric urology, as well as four physician assistants and advanced registered nurse practitioners. The practice provides consult, surgery, cystoscopy, circumcision, ultrasound and urinalysis services to children. It is both office and hospital-based in three counties (Miami-Dade, Broward and Palm Beach), servicing Baptist Children's Hospital, Broward Health Medical Center, Jackson Memorial Hospital, Kendall Regional Medical Center, Joe DiMaggio Children’s Hospital, Nicklaus Children's Hospital and Miami Children’s Ambulatory Surgery Center, West Boca Medical Center and South Miami Hospital. In association with the Nicklaus Children’s Health System and the University of Miami Leonard M. Miller School of Medicine, Children’s Urology participates in the urology residency training program and runs the only Accreditation Council for Graduate Medical Education (ACGME) accredited fellowship training program for pediatric urology in Florida.
“Partnering with MEDNAX’s national network provides a unique opportunity to continue to grow our practice in South Florida and solidify our position in an ever-changing and complex health care environment,” said Rafael Gosalbez, M.D., who will serve as medical director for the practice. “MEDNAX has previously invested locally in pediatric urology, which will facilitate the coordination of care for pediatric patients with the most complex urological disorders. Additionally, MEDNAX has a proven record on outcomes research, and we plan to continue and enhance our own research and educational efforts through this valuable partnership.”
This acquisition adds to the services MEDNAX provides in Florida through its affiliated network of physicians across multiple specialties which include anesthesiology, maternal-fetal medicine, neonatology, newborn hearing screens, obstetric hospitalist, pediatric cardiology, pediatric hospitalist, pediatric intensive care and radiology.
This was a cash transaction and it is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.
With this acquisition, four physician group practices have become part of MEDNAX in 2018.
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 approximately 4,075 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.
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