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Mednax Acquires Tri-Valley Neonatal Medical Group to Expand Network in California
Friday 12 January 2018

12 January 2018 - Florida, US-based health care solutions network Mednax, Inc. (NYSE: MD) has acquired California, US-based neonatology physician practice Tri-Valley Neonatal Medical Group, Inc., the company said.
This was a cash transaction and is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.
Mednax said this acquisition adds to the services it provides in California through its affiliated network of physicians across multiple specialties, which include maternal-fetal medicine, neonatology, newborn hearing screens, obstetric hospitalist, pediatric cardiology, pediatric hospitalist, pediatric intensive care and radiology.
Tri-Valley said partnering with the Mednax national network would support continued growth and provide long-term stability in this uncertain health care environment. Mednax's research, education and initiatives will enhance the patient care experience.
Mednax, Inc. is comprised of the nation's providers of physician services.
The company 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.
Tri-Valley Neonatal Medical Group employs three full-time and one part-time neonatologists as well as one neonatal nurse practitioner. The practice provides neonatology and newborn nursery services.
Details
Date Published: 12/01/2018
Target: Tri-Valley Neonatal Medical Group
Country: USA
Sector: Healthcare
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Mednax, Inc
Comment:
Terms of the deal were not disclosed

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