Here are seven things to know:
1. Mednax’s net revenue for the fourth quarter increased by 14 percent from $650.5 million for the same period last year.
2. The revenue growth attributable to recent acquisitions was 15.3 percent.
3. For the full year 2015, Mednax acquired a total of 10 physician group practices, including seven anesthesiology practices.
4. The company generated a net income of $92.7 million for Q4 of 2015, as compared to a net income of $88.4 million in the fourth quarter of 2014.
5. For full-year 2015, Mednax reported revenue of $2.78 billion, up 14.0 percent from $2.44 billion for full-year 2014.
6. The company’s net income for the year ended Dec. 31, 2015, was $336.3 million, as compared to compares to $317.3 million for the year before.
7. In the final quarter of 2015, EBITDA grew by 9.2 percent from the same period in 2014 to $169 million.
More articles on anesthesia:
5 best ways to discourage lawsuits involving anesthesiologists
Anesthesia M&A activity ramps up: 7 latest deals
5 trends in the global inhalation anesthesia market
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
