Market Overview

MD Investors: The Law Offices of Howard G. Smith Reminds Investors of Lead Plaintiff Deadline in the Class Action Lawsuit Against MEDNAX, Inc. (MD)


Law Offices of Howard G. Smith reminds investors of the September
10, 2018
deadline to file a lead plaintiff motion in the class
action filed on behalf of investors that purchased MEDNAX, Inc.
("Mednax" or the "Company") (NYSE: MD)
securities between February 4, 2016 to July 27, 2017, inclusive
(the "Class Period"). Mednax investors have until September 10,
to file a lead plaintiff motion.

Investors suffering losses on their Mednax investments are encouraged to
contact the Law Offices of Howard G. Smith to discuss their legal rights
in this class action at 888-638-4847 or by email to

On April 20, 2017, Mednax announced poor financial results for the first
quarter of 2017, including missed earnings. Mednax also reported that
"[s]ame-unit revenue from net reimbursement-related factors is expected
to decline by 0.6 percent for the first quarter of 2017, compared to the
first quarter of 2016, driven by a 90 basis point payor mix shift to
government payors that impacted same-unit pricing negatively by 150
basis points." On this news, Mednax's share price fell $5.39, or 8.1%,
to close at $61.30 per share on April 20, 2017.

Then, on July 28, 2017, during its second quarter earnings call, Mednax
announced that the Company had failed to complete acquisitions of
anesthesiologist practices during the quarter and that any future
anesthesiologist acquisitions were unlikely, citing the "challenging"
payor mix combined with "continued . . . growth in compensation expense
for nurse anesthetists." On this news, Mednax's share price fell $8.76
or 15.5%, to close at $47.73 per share on July 28, 2017, thereby further
injuring investors.

If you purchased shares of Mednax during the Class Period you may move
the Court no later than September 10, 2018 to ask the Court
to appoint you as lead plaintiff. To be a member of the Class you need
not take any action at this time; you may retain counsel of your choice
or take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by
email to,
or visit our website at

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

View Comments and Join the Discussion!