Mednax spent $161.4 million buying up 10 medical practices in 2011. Acquisition is improving the company’s finances; Mednax earned $1.19 per share for the fourth quarter of 2011, an increase from the $1.12 earned in the fourth quarter of 2010 and the $1.07 earned in the fourth quarter of 2009.
When Mednax purchases a practice, physicians may be employed by an affiliated professional organization or employed directly. The management company then runs the practice, owns the contracts and takes in payment for services provided by affiliated physicians.
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