MEDNAX Announces Acquisition of Perinatology Practice in Texas

MEDNAX, Inc., (NYSE: MD) today announced the acquisition of Houston Perinatal Associates, P.A., a private physician group practice based in Houston, Texas. The practice will become part of MEDNAX’s Pediatrix Medical Group division.

Established in 1994, Houston Perinatal Associates consists of four physicians and 30 other clinical and administrative staff who provide comprehensive high-risk maternal-fetal medicine services at The Woman’s Hospital of Texas and 10 satellite perinatal clinics. The practice provides services including obstetrics and delivery, ultrasounds, prenatal diagnosis, medical and surgical complications of pregnancy, as well as the management of multiple gestations. In addition, the practice provides maternal-fetal medicine services to three Houston metropolitan area hospitals and one surgery center, as well as telemedicine services to patients in Lufkin, Texas.

This acquisition extends MEDNAX’s ability to provide a continuum of care in the Houston market, including neonatal, perinatal, pediatric cardiology, pediatric hospitalist and anesthesia services. It also enhances the services MEDNAX provides at The Woman’s Hospital of Texas, which include perinatal care, neonatal care at the hospital's Level II and Level III neonatal intensive care units, pediatric cardiology and, through MEDNAX's American Anesthesiology division, anesthesia services.

“As a physician-led national medical group, MEDNAX will allow us to maintain our clinical autonomy while supporting the growth of our practice and improving office efficiencies in a changing healthcare environment,” said Brian Kirshon, M.D., who will serve as medical director for the practice. “We look forward to collaborating with clinicians across the country on high-risk maternal-fetal care, and to being part of the research, education and quality initiatives that are the foundation of the company.”

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.

With this acquisition, eight physician group practices have become part of MEDNAX in 2014, two as part of Pediatrix Medical Group and six as part of American Anesthesiology.

ABOUT MEDNAX

MEDNAX, Inc. is a national medical group that comprises the nation's leading providers of neonatal, anesthesia, maternal-fetal and pediatric subspecialty services. The Company is reshaping the delivery of care within its specialties and subspecialties using evidence-based tools, continuous quality initiatives and clinical research to enhance patient outcomes and provide high-quality, cost-effective care. Pediatrix Medical Group, a division of MEDNAX, was founded in 1979 and includes neonatal physicians who provide services at more than 360 neonatal intensive care units, and collaborate with affiliated maternal-fetal medicine, pediatric cardiology, pediatric critical care and physician subspecialists to provide a clinical care continuum. Pediatrix is also the nation's largest provider of newborn hearing screens. American Anesthesiology, a division of MEDNAX, was established in 2007 and includes more than 2,150 anesthesiologists and advanced practitioners who provide anesthesia care to patients in connection with surgical and other procedures as well as pain management. MEDNAX, through its affiliated professional corporations, employs more than 2,550 physicians in 34 states and Puerto Rico. Additional information is available at www.mednax.com.

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