Pediatrix acquires Tennessee Maternal-Fetal Medicine practice

Pediatrix Medical Group (NYSE: MD) announced it has acquired Tennessee Maternal-Fetal Medicine through a cash transaction that the company expects to be immediately accretive to earnings. The practice will operate as Maternal-Fetal Medicine Specialists of Tennessee under the Pediatrix banner.

The acquired practice includes four board-certified physicians and six advanced practice providers serving patients at five locations in the Greater Nashville area. The transaction adds to Pediatrix's maternal-fetal medicine specialty services in Middle Tennessee.

"We are pleased to welcome Tennessee Maternal-Fetal Medicine to the Pediatrix family," said Mark Ordan, chief executive officer and chair of the board. "This new partnership bolsters our nationally leading maternal-fetal medicine specialty services and ensures that patients in Middle Tennessee have access to exceptional care during pregnancy."

Dr. Connie Graves, the practice leader, stated the group joined Pediatrix "in order to have a larger footprint to improve quality and outcomes in MFM care, not just in Tennessee, but throughout the United States."

Pediatrix did not disclose additional financial terms of the transaction. The Fort Lauderdale, Florida-based company provides physician services through approximately 4,300 affiliated physicians and clinicians, specializing in obstetrics, maternal-fetal medicine, neonatology and pediatric subspecialties.

The acquisition expands Pediatrix's presence in maternal-fetal medicine services, which provide specialized care for high-risk pregnancies. The company operates hospital-based and office-based practices across multiple states.

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