MEDNAX (MD) Misses Q3 EPS by 3c, Revenues Miss

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MEDNAX Reports Third Quarter Results

November 6, 2020 6:00 AM EST

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- MEDNAX, Inc. (NYSE: MD), the national health solutions partner specializing in prenatal, neonatal, and pediatric services, today reported a net loss of $41.0 million, or $0.49 per share for the three months ended September 30, 2020, primarily reflecting a non-cash loss on the classification of the MEDNAX Radiology Solutions medical group to assets held for sale. On a non-GAAP basis, MEDNAX reported Adjusted EPS from continuing operations of $0.37.

On September 9, MEDNAX entered into a definitive agreement to sell MEDNAX Radiology Solutions. The results for MEDNAX Radiology Solutions have been classified as... More