MEDNAX Announces Acquisition of Pediatric Ear, Nose and Throat Practice in Houston

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MEDNAX, Inc.
MD
, today announced the acquisition of Texas Ear, Nose & Throat Consultants, PLLC, locally-known as Children's ENT of Houston, located in Houston, Texas. Children's ENT of Houston is a private physician group practice with three office-based locations that employ three ENT specialists, two audiologists, two nurse practitioners and 15 other clinical and administrative staff. The practice, through a related entity included in the transaction, performs more than 15,000 newborn hearing screens annually at The Woman's Hospital of Texas, Children's Memorial Hermann Hospital and Conroe Regional Medical Center. The practice has been providing hearing screen services at Woman's Hospital since 2005. "We are excited about this partnership because our patients will ultimately benefit from the infrastructure and support that MEDNAX provides to address the challenges of an increasingly complex healthcare industry. This will allow our team of healthcare professionals to concentrate wholly on what is best for our patients," said Joseph Edmonds, M.D., who will serve as medical director for the practice. "In addition, being part of a physician-led, national medical group that is committed to research, education and quality, will allow us to contribute to research that will improve the quality of care for our patients and our community." The acquisition of Children's ENT expands the continuum of care MEDNAX currently provides at The Woman's Hospital of Texas, which includes perinatal services, neonatal services at the hospital's Level II and Level III neonatal intensive care units, pediatric cardiology and anesthesia. It also enhances the services MEDNAX provides throughout the greater-Houston market. This was a cash transaction, and it is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.
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