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MEDNAX Inc Announces Acquisition Of Neonatology Associates, Ltd


Monday, 8 Apr 2013 07:02am EDT 

MEDNAX Inc announced the acquisition of Neonatology Associates, Ltd. (NAL), a neonatal physician group practice based in Phoenix, Arizona. The practice will become part of MEDNAX`s Pediatrix Medical Group division. NAL is a private practice that consists of 24 neonatologists, 5 pediatric hospitalists, 39 advanced practitioners, and 35 other clinical and administrative support staff who provide a wide spectrum of services, including neonatal intensive care, labor and delivery, and hearing screen services, at 27 hospitals throughout Central and Northern Arizona and in Tucson. 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. 

Company Quote

55.3
0.83 +1.52%
1:52pm EDT