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Pediatrix Medical Group, Inc. (NYSE: MD) is a prominent physician-led health solutions partner based in the United States. Founded in 1979, the company has grown into a national network of nearly 3,200 physicians operating in all 50 states and Puerto Rico. Pediatrix provides comprehensive physician services to hospitals, intensive care units, and other medical units, focusing on high-quality patient care and optimizing performance.
Pediatrix Medical Group offers specialized services in maternal care for expectant mothers, intensive care for premature babies, cardiology for infants with heart defects, and anesthesia during surgeries. The company primarily generates revenue through its neonatology and other pediatric subspecialties. Its physician practices and business professionals are dedicated to overcoming healthcare's quality, financial, and administrative complexities, continuously improving patient outcomes with evidence-based tools and clinical research.
Recent achievements include the formation of the Miller Children’s & Women’s Neonatal Network in partnership with MemorialCare Miller Children’s & Women’s Hospital Long Beach. This collaboration aims to enhance neonatal care through coordinated provider services, shared governance, and comprehensive support for high-risk maternal and neonatal care within the community. With services such as a level IV NICU, extremely low birth weight programs, and transport programs, the partnership underscores Pediatrix's commitment to expanding regional healthcare access.
Pediatrix Medical Group emphasizes continuous quality initiatives and safety improvements across its services. The company's clinical research and education efforts are pivotal in maintaining its reputation for delivering cost-effective and high-quality care. The physician-led structure supports an environment of compassionate and coordinated care, ensuring that the needs of women, babies, and children are met effectively.
To learn more about Pediatrix Medical Group, visit www.pediatrix.com or follow them on Facebook, Instagram, LinkedIn, and Twitter.
Mednax, Inc. (NYSE: MD) announced the successful issuance of $400 million in unsecured 5.375% Senior Notes due 2030 and a new $450 million Revolving Credit Facility, replacing a $600 million facility. The proceeds were utilized to redeem $1 billion in 6.25% Senior Notes due 2027. Post-transaction, Mednax’s outstanding debt stands at approximately $750 million. The Notes were sold to qualified institutional buyers without registration under the Securities Act.
Mednax, Inc. (NYSE: MD) will hold an investor conference call and webcast on February 17, 2022, at 9:00 a.m. ET, to discuss operational results for the year ended December 31, 2021. A detailed press release will precede the call on the same date. Mednax, a national medical group, specializes in physician services primarily in pediatrics, obstetrics, and neonatology, operating across 38 states and Puerto Rico with over 4,700 clinicians. For more information, visit mednax.com/investors.
Mednax, Inc. (NYSE: MD) has acquired Night Lite Pediatrics, LLC, a pediatric urgent care practice with 13 clinics in Florida. Founded in 2005, Night Lite employs 30 physicians and offers urgent care, telemedicine, and COVID-19 services. This cash transaction is expected to be immediately accretive to earnings, enhancing Mednax's strategy to develop innovative pediatric services powered by Brave Care technology. The clinics will be rebranded to Pediatrix, further expanding Mednax's presence in pediatric care in Florida.
Mednax, Inc. (NYSE: MD) has priced a private offering of $400 million of 5.375% Senior Notes due in 2030. The offering is set to close on February 11, 2022, subject to customary conditions. Net proceeds will be used to redeem existing 6.25% Senior Notes due in 2027. The Notes will be sold exclusively to qualified institutional buyers and non-U.S. persons, in accordance with Rule 144A and Regulation S of the Securities Act.
Mednax, Inc. (NYSE: MD) is proposing a private offering of $400 million in Senior Notes due 2030. The offering is exempt from registration under the Securities Act of 1933 and will be directed to qualified institutional buyers. The proceeds will be used to redeem outstanding 6.25% Senior Notes due 2027. The company aims to improve its financial position and reduce interest expenses. This move reflects Mednax's ongoing strategy to optimize its capital structure amidst changing market conditions.
Mednax, Inc. (NYSE: MD) will present at Bank of America’s 2021 Leveraged Finance Conference on November 30, 2021, at 2:15 p.m. EST. The presentation will be available via live audio webcasts. Mednax, founded in 1979, is a national medical group that provides physician services through its Pediatrix and Obstetrix medical groups. The company operates with over 2,300 physicians in 39 states and Puerto Rico, focusing on evidence-based care and enhancing patient outcomes.
Mednax, Inc. (NYSE: MD) will present at Credit Suisse’s 30th Annual Healthcare Conference on November 10, 2021, at 1:50 p.m. EST, via live audio webcasts. The company is a national medical group with over 2,300 physicians across 39 states and Puerto Rico, focusing on high-quality, cost-effective healthcare services in pediatrics and obstetrics. Established in 1979, Mednax utilizes evidence-based tools and telehealth programs to improve patient outcomes.
Mednax, Inc. (NYSE: MD) reported Q3 2021 earnings of $0.37 per share and adjusted EPS of $0.46, with net revenue reaching $493 million, up from $461 million YoY. Income from continuing operations was $32 million, and adjusted EBITDA was $73 million. Key growth areas included a 5.9% increase in same-unit revenue, primarily driven by a 6.5% rise in patient volume. Mednax's investment in Brave Care aims to enhance pediatric services. Cash reserves stood at $358 million, reflecting a decline from $1.12 billion at the start of the year due to debt redemption efforts.
Mednax, Inc. (NYSE: MD) will hold an investor conference call on October 28, 2021, at 9:00 a.m. ET, to discuss quarterly operational results for the quarter and nine months ended September 30, 2021. A detailed press release will be available on the same morning before market open. The call will be accessible via Mednax’s website. Mednax focuses on delivering high-quality medical services through over 2,300 physicians across 39 states and Puerto Rico.
Mednax, Inc. (NYSE: MD) endorses the CDC's COVID-19 vaccination recommendations, emphasizing the importance of safeguarding at-risk populations, particularly pregnant women and children. With over 400 million doses administered in the U.S., the firm highlights that unvaccinated individuals account for approximately 90% of COVID-19 deaths. This position aligns with other prominent medical associations dedicated to maternal and pediatric care. Mednax's commitment to improving patient outcomes is reinforced through its extensive network of over 2,300 healthcare professionals across 39 states and Puerto Rico.
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