As previously reported, MEDNAX agreed to acquire vRad. Now, the acquisition is complete.
Here are four things to know about the completed acquisition:
1. MEDNAX completed the acquisition for $500 million, "which includes the assumption of certain net operating loss carry forwards."
2. MEDNAX expects the acquisition to add an initial $25 million in annualized operating income.
3. vRad is a radiology physician services and telemedicine company.
4. The company includes a network of over 350 radiologists and provides radiology coverage to over 2,100 healthcare facilities.