Bethesda Radiology Associates

Nov 26, 2018

MEDNAX CONTINUES ITS EXPANSION IN RADIOLOGY WITH THE ACQUISITION OF ANOTHER LEADING SOUTH FLORIDA RADIOLOGY PRACTICE MEDNAX, Inc. (NYSE: MD), a leading physician services and health solutions provider, today announced the acquisition of Bethesda Radiology Associates, Inc., a private radiology physician group based in Boynton Beach, Fla. The practice will integrate with Radiology Associates of South Florida, LLC, a MEDNAX-affiliated physician practice located in Miami and serving all of South Florida. This marks the Company’s ninth radiology practice acquisition, further establishing MEDNAX Radiology Solutions as one of the largest radiology practices in the nation, reading more than 11.7 million studies through its more than 750 board-certified or eligible radiologists. The practice specializes in vascular radiology, interventional radiology, breast imaging, neuroradiology, diagnostic imaging and nuclear medicine, and has provided services to Bethesda Hospital East and Bethesda Hospital West for 45 years. In addition, the group services the Bethesda Outpatient Imaging Center at Bethesda Health City and Bethesda Health Urgent Care. “We are excited to join MEDNAX and our colleagues at Radiology Associates of South Florida in bringing unified radiology services to Baptist Health’s patients stretching from Miami-Dade County to Palm Beach County,” said Lane Deyoe, M.D., president of Bethesda Radiology Associates. “We believe this partnership will further the established goals at the outset of the merger of Bethesda Health into Baptist Health.” 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, nine physician group practices have become part of MEDNAX in 2018. ABOUT MEDNAX 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 more than 4,225 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 . Certain statements and information in this press release may be deemed to contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may include, but are not limited to, statements relating to our objectives, plans and strategies, and all statements, other than statements of historical facts, that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future. These statements are often characterized by terminology such as “believe”, “hope”, “may”, “anticipate”, “should”, “intend”, “plan”, “will”, “expect”, “estimate”, “project”, “positioned”, “strategy” and similar expressions, and are based on assumptions and assessments made by MEDNAX’s management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Any forward-looking statements in this press release are made as of the date hereof, and MEDNAX undertakes no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Important factors that could cause actual results, developments, and business decisions to differ materially from forward-looking statements are described in MEDNAX’s most recent Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q, including the sections entitled “Risk Factors”, as well MEDNAX’s current reports on Form 8-K, filed with the Securities and Exchange Commission. View source version on businesswire.com: https://www.businesswire.com/news/home/20181126005066/en/ Charles Lynch 954-384-0175 ext. 5692