The acquisition adds to the number of services Mednax provides to Utah residents, including neonatology, maternal fetal medicine, OB hospitalist and radiology services.
The acquisition was a cash transaction and is expected to be immediately accretive to earnings.
“With a 20-year history of quality [and] community-based neonatal services, Western Newborn Specialists is excited to have a partner to support our growth and development as our industry becomes even more complex,” said Cameron Swinton, MD, medical director of Western Newborn Specialists. “Engaging our physicians in Mednax’s research, education and quality initiatives will offer innovative thinking and unparalleled resources to strengthen our practice and quality of service.”
More articles on transactions and valuations:
Navicent Health to join AVIA network
Michigan women’s health center sells for $43.5M
Shelby Memorial Hospital joins Hospital Sisters Health System, rebrands