MEDNAX, Inc. (NYSE: MD), today announced the acquisition of Radiology Associates of South Florida (RASF), based in Miami, Fla., as it continues to execute on its strategy to become the partner of choice for radiology physician services by combining physician excellence with world-class technological capabilities.

Founded in 1960, RASF is one of the largest independent radiology groups in the United States. Comprised of more than 70 physicians, the practice provides diagnostic radiology, interventional radiology and vascular surgery services at Baptist Health South Florida (BHSF), the largest healthcare system in South Florida inclusive of seven hospitals and more than 50 outpatient facilities, and performs approximately one million studies per year.

“We are excited about our ability to attract leading radiology providers such as RASF to our integrated physician services offering and national radiology group,” said Roger J. Medel, M.D., Chief Executive Officer of MEDNAX. “We believe the technological capabilities MEDNAX offers through vRad, combined with our own practice-management expertise and physician-centric leadership, makes us an extremely valuable partner to radiology practices. I am excited at the opportunities we face with RASF, particularly given this group’s longstanding leadership position in radiology and its partnership with Baptist Health South Florida. Moreover, we continue to believe that the combination of on-site physician excellence and world-class technological capabilities will enable us to deliver on our vision of becoming the recognized leader in radiology services.”

RASF physicians are highly subspecialized, including cardiovascular imaging; neuroradiology; body imaging; nuclear medicine; onco-radiology; musculoskeletal radiology; ultrasonography; pediatric radiology; breast imaging; emergency radiology; interventional radiology; neuro-interventional; and vascular surgery. The group’s Chairman and CEO, Ricardo C. Cury, M.D., also serves as Director of Cardiac Imaging at Baptist Hospital of Miami and Miami Cardiac & Vascular Institute.

“Our partnership with MEDNAX will allow RASF to not only maintain and enhance the strong on-site physician footprint engaged in all the activities with our hospital partners, but will also provide the much needed information technology platform and remote technology to expand our after-hours coverage in an efficient and highly specialized manner,” said Dr. Cury. “In addition, it will provide size and scale to expand our initial efforts with machine learning and artificial intelligence in radiology and a robust data analytics platform to ensure success in new payment models and prove the value of appropriate imaging to the care of patients.”

“MEDNAX and vRad will be of significant value to RASF and Baptist Health by adding remote technology infrastructure and expanding subspecialty expertise after-hours,” added Patricia Rosello, Chief Executive Officer for Baptist Outpatient Services.

Upon completion of the transaction, MEDNAX’s radiology group will read more than eight million studies annually.

This was a cash transaction and it is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.

With this acquisition, seven physician group practices have become part of MEDNAX in 2017.

ABOUT MEDNAX

MEDNAX, Inc. is a national health solutions partner based in Sunrise, Fla. comprised of the nation's leading providers of physician services. Physicians and advanced practitioners practicing as part of MEDNAX are reshaping the delivery of care within their specialties and subspecialties, using evidence-based tools, continuous quality initiatives, clinical research and telemedicine to enhance patient outcomes and provide high-quality, cost-effective care. The Company was founded in 1979, and today, through its affiliated professional corporations, MEDNAX provides services through a network of nearly 3,800 physicians in all 50 states and Puerto Rico. In addition to its national physician network, MEDNAX provides services to healthcare facilities and physicians in over 40 states through two complementary businesses, consisting of a revenue cycle management company and a consulting services company. Additional information is available at www.mednax.com.

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