Pediatric Cardiology Associates, established in 1987, offers echocardiography, cardiac catheterizations, stress tests and event monitoring. The practice comprises six physicians and four sonographers that provide services to 10 office-based locations and eight hospitals in Northern Virginia and Maryland.
“We chose to join MEDNAX because of the support and infrastructure that comes with being part of a national medical group. We are comfortable knowing we will have clinical autonomy but be relieved of some of the regulatory and reimbursement responsibilities that have become so complex in today’s healthcare environment,” Sharon Karr, MD, who will serve as medical director for the practice, said in a prepared statement. “In addition, MEDNAX’s research, education and quality initiatives will give us the opportunity to engage with other pediatric subspecialty groups and strengthen the continuum of care we offer to our patients.”
This was a cash transaction, and it is expected to be immediately accretive to earnings, MEDNAX said. The group did not disclose any additional terms of the transaction.
With the acquisition of Pediatric Cardiology Associates, eight physician group practices have joined MEDNAX in 2016.
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