Friday, November 02, 2018
MEDNAX, Inc., today announced the acquisition of Associates in Diagnostic Radiology, P.C., a private radiology physician group based in Chattanooga, Tenn. The practice will integrate with Radiology Alliance, P.C., a MEDNAX-affiliated physician practice located in Nashville.
This marks the Company’s eighth radiology services practice acquisition, further establishing MEDNAX Radiology Solutions as an industry leader, an innovator in health care informatics and a pioneer in telemedicine.
Associates in Diagnostic Radiology was established in 1974. Comprising 14 board certified and subspecialty-trained physicians, the practice specializes in diagnostic imaging, interventional radiology, neuroradiology, pediatric radiology, neuro-interventional radiology, body imaging, musculoskeletal imaging and nuclear medicine. It provides services to Parkridge East Hospital, Parkridge West Hospital, Parkridge Medical Center and Parkridge Medical Group – Diagnostic Center. In addition, the group services five imaging center facilities, including Chattanooga Imaging’s Downtown, East, Hixson and Ooltewah locations as well as Cleveland Imaging.
“Our strategic partnership with MEDNAX will greatly enhance the delivery of our services and offer continued, long-term growth,” said Martin Simms, M.D., president of Associates in Diagnostic Radiology. “We look forward to the many benefits of joining a top national practice and collaborating with our colleagues across the country to provide cutting-edge, high-quality care.”
Upon completion of the transaction, MEDNAX’s affiliated radiologists will read more than 11.7 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, eight physician group practices have become part of MEDNAX in 2018.