MEDNAX, Inc. (NYSE: MD), today announced the acquisition of Radiology Specialists, LTD, a private radiology physician group based in Las Vegas. This marks the Company’s seventh radiology services practice acquisition and first in the state of Nevada, further establishing MEDNAX Radiology Solutions as a recognized leader in radiology, an innovator in health care informatics and a pioneer in telemedicine.
Comprising 25 board certified and fellowship trained physicians, the practice provides a broad range of diagnostic and interventional radiology services, including body imaging, neuroradiology, musculoskeletal imaging, cardiac imaging, breast imaging, pediatric radiology, nuclear medicine and image guided therapy. For more than 50 years, it has partnered with Sunrise Health, servicing Sunrise Hospital & Medical Center, Southern Hills Hospital & Medical Center, Sunrise Children’s Hospital and MountainView Hospital.
“As a leading, high-performance radiology practice notably serving Nevada’s only Comprehensive Stroke Center, we recognize that our continuing success relies upon timely adaptation to a dynamic radiology environment, with the groups most responsive to change at a distinct advantage,” said Sean D. Beaty, M.D., president of Radiology Specialists. “In partnering with MEDNAX, we are confident that we will successfully navigate the many current challenges that radiology practices face. MEDNAX shares our mission to provide measurable, high-quality radiology services to achieve the greatest possible benefit for the patients, clinicians and facilities that we serve.”
Upon completion of the transaction, MEDNAX’s affiliated radiologists will read more than 11.5 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, six physician group practices have become part of MEDNAX in 2018.
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