MEDNAX, Inc. (MD) Closes MedData Purchase

MEDNAX, Inc. (NYSE: MD) announced that it has completed the previously disclosed acquisition of MedData, Inc., a rapidly-growing provider of revenue cycle management services that offers professional and facility coding, billing and collections, as well as an industry leading early out/patient pay solution to emergency department, hospitalist, physician specialty groups and hospitals.

This was a cash transaction and is expected to be accretive to earnings, after non-cash amortization expense and interest expense.

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