FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--MEDNAX, Inc. (NYSE:MD), today announced the acquisition of Women’s Radiology Associates, LLP, a private radiology physician group based in Houston. The practice will integrate with Synergy Radiology Associates, a MEDNAX-affiliated physician practice, also based in Houston.
This marks the Company’s sixth radiology services practice acquisition, further establishing MEDNAX as the partner of choice for leading radiology practices and physician services by combining physician excellence with world-class technological capabilities.
Women’s Radiology Associates was established in 1974 by physicians who pioneered fetal growth assessment research, a groundbreaking approach to assess in-utero fetal growth. Comprising six board-certified radiologists, the group provides a broad range of inpatient and outpatient diagnostic imaging services at The Woman’s Hospital of Texas. Specialized services include mammography, obstetric sonography, gynecological sonography, computed tomography and neonatal imaging.
“Our highly experienced radiologists are recognized experts in women's imaging, and we are proud to have served the community for the past 40 years as the only local radiology group exclusively performing women's and neonatal imaging at The Woman’s Hospital of Texas,” said Yogesh P. Shah, M.D., Managing Partner of Women’s Radiology Associates and Chairman of the Department of Radiology at The Woman’s Hospital of Texas. “We look forward to sharing this expertise with the greater MEDNAX Radiology group while continuing to provide the high quality, specialized patient care we are known for.”
“Women’s Radiology Associates is a welcome addition to MEDNAX Radiology as we continue to expand our radiology physician services and enhance our integrated physician services offering,” said Walid K. Adham, M.D., Practice Chair of Synergy Radiology Associates. “The team will add a wealth of specialized expertise in women’s and neonatal imaging, and Synergy is eager to continue to build upon the tradition of outstanding clinical care provided by Dr. Shah and team at The Woman’s Hospital of Texas.”
Upon completion of the transaction, MEDNAX’s affiliated radiologists will read more than 11 million studies annually.
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, five 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 4,100 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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