MEDNAX (MD) Acquires Florida-Based Maternal Fetal Medicine

August 15, 2016 6:53 AM EDT

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MEDNAX, Inc. (NYSE: MD) announced the acquisition of Maternal Fetal Medicine of Southwest Florida, P.A. a private physician group practice based in Fort Myers, Fla.

Maternal Fetal Medicine of Southwest Florida was established in 2000 and currently has four physicians, 11 sonographers and 26 other clinical and administrative staff who provide a full spectrum of perinatology and sonographic services including comprehensive high-risk maternal-fetal medicine, ultrasounds, amniocentesis, diagnostic testing and genetic counseling.

The practice has four patient offices in Fort Myers, Cape Coral, Port Charlotte, and Naples and serves six hospitals, including the four acute care hospitals of Lee Memorial Health System (Lee Memorial Hospital, HealthPark Medical Center, Gulf Coast Medical Center, and Cape Coral Hospital) as well as NCH North Naples Hospital, part of NCH Healthcare System and Bayfront Health Port Charlotte, part of Bayfront Health.

“MEDNAX’s extensive research, education and quality programs were definitely a differentiator for us,” said Judith Krammer, M.D., who will serve as medical director for the practice. “Joining MEDNAX also gives us the infrastructure we need to excel in today’s healthcare environment as well as the ability to be part of the continuum of care the company currently provides in Southwest Florida with industry-leading neonatal and pediatric services.”

This acquisition adds to the services MEDNAX provides in Southwest Florida which currently include maternal-fetal medicine (perinatology), neonatology, pediatric cardiology and newborn hearing screen.

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, ten physician group practices have become part of MEDNAX in 2016.

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