Radiology Partners Acquires MEDNAX Radiology Solutions for $885M

Radiology Partners Acquires MEDNAX Radiology Solutions for $885M
Radiology Partners Acquires MEDNAX Radiology Solutions for $885M

What You Should Know:

– Radiology Partners acquires MEDNAX Radiology Solutions,
a division of MEDNAX, Inc. for $885M in cash.

– The acquisition accelerates Radiology Partners’ mission to transform radiology, offer unparalleled clinical value and service at scale, and further elevate the role of radiologists within the healthcare field.


Radiology Partners
(RP),
a radiology practice in the U.S., announced a definitive agreement to acquire
MEDNAX Radiology Solutions, a division of
MEDNAX, Inc. for an enterprise value of approximately $885 million. The
combination of RP and MEDNAX Radiology Solutions brings together two of the top
radiology leaders and teams in the U.S. Founded in 1979, MEDNAX provides
services through a network of more than 3,000 physicians in all 50 states and
Puerto Rico.

Acquisition Benefits for Radiology Partners

When finalized, the acquisition is expected to add more than
800 radiologists to RP’s existing practice of 1,600 radiologists. MEDNAX
Radiology Solutions consists of more than 300 onsite radiologists, who
primarily serve patients in Connecticut, Florida, Nevada, Tennessee, and Texas,
and more than 500 teleradiologists, who serve patients in all 50 states. MEDNAX
Radiology Solutions physicians interpret 11.8 million exams annually, guiding
the care of millions of individual patients.

The combination will enable greater capabilities for
large-scale clinical programs driving value-creation and cost reduction across
the healthcare system, subspecialty offerings for patients and clients in the
regions served, and increased opportunities to develop and elevate radiologist
leaders to advance RP’s mission and improve patient care. The transaction
between RP and MEDNAX Radiology Solutions is subject to regulatory approval and
customary closing conditions.

“This is a milestone day. The MEDNAX radiology practices are among the best in the country, and we are excited to welcome so many outstanding radiologists and physician leaders to our practice,” said Rich Whitney, Chief Executive Officer, Radiology Partners. “We believe the benefits of increased scale, paired with local practice autonomy and physician leadership, will allow us to continue to advance patient care, improve clinical value and ultimately transform radiology. The addition of these leading practices, as well as the nation’s premier tech-enabled teleradiology platform, represents an amazing opportunity to accelerate our progress on this important mission.”

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