MEDNAX to acquire revenue cycle company MedData

MEDNAX, a national medical group focusing on anesthesia and several physician services, has entered an agreement to acquire revenue cycle management services company MedData.

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MedData offers professional and facility coding, billing and collections solutions.

“This transaction marks an important step in our strategic growth. We believe it will provide us with a very attractive platform through which to provide management services to facilities and physician groups beyond our existing footprint, a capability we anticipate to grow in demand as reimbursement structures continue to evolve,” said MEDNAX CEO Roger J. Medel, MD.

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