Mednax to sell radiology business to doctor-owned Radiology Partners for $885 million in cash

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Mednax Inc. said Thursday it has reached an agreement to sell its radiology business to physician-owned Radiology Partners for $885 million in cash. Mednax is a provider of maternal-fetal, newborn and pediatric subspecialty care based in Fort Lauderdale, Florida. “This transaction will enable MEDNAX to return to our core Pediatrix and Obstetrix medical groups,” Mednax chief executive Mark Ordan said in a statement. Radiology Partners was founded in 2020 and has about 1,600 radiologists serving nearly 1,300 hospitals, clinics and imaging centers across 26 states. The deal is expected to close in the fourth quarter. Mednax shares were up 1.6% premarket, but have fallen 36% in the year to date, while the S&P 500 has gained 5$.
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