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Wednesday, October 10, 2018

Mednax acquires large neonatology practice in South Florida


Mednax has acquired South Dade Neonatology, a private neonatology practice based in Miami. Founded in 1999, South Dade Neonatology is a group that has provided neonatology services in South Florida for nearly 20 years. Comprising 33 physicians, 17 neonatal nurse practitioners, one physician assistant, 21 newborn hearing screen techs and six administrative staff, the practice provides neonatal care for pre-term newborns and critically ill babies in addition to newborn hearing screens and well-baby coverage. South Dade Neonatology services nine regional hospitals. This was a cash transaction and it is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.

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