Another Acquisition for MEDNAX

Millennium Anesthesia Care (Tampa, FL) is the latest physician group to move under the MEDNAX umbrella.  The practice employs 79 clinicians.   Dr. Jim Gruber, spokesman for Millennium noted the trend toward healthcare consolidation and benefits of a national medical group (access to resources, support and long-term stability) as reason for their affiliation 
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New Growth Platform for MEDNAX

New Growth Platform for MEDNAX

Virtual Radiologic Corporation (vRad), a leading radiology physician services and telemedicine company will soon provide MEDNAX with another revenue stream.  With the vRad acquisition, expected to be complete in Q2, MEDNAX adds radiology to its current specialty list which includes neonatal, anesthesia, maternal-fetal, pediatric cardiology.  

MEDNAX CEO, Roger Medel, M.D. noted that...

"…vRad is an excellent platform for growth in teleradiology and the broader telemedicine market…“Radiology is a large, fragmented industry… and it is evolving rapidly to include teleradiology as an economic and clinical necessity for customers.” 

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✔ FACT:  The market size for Radiology is estimated at roughly $18B annually