OverviewSuggest Edit

Mednax is a national medical group that comprises the broad physician services of Pediatrix Medical Group and American Anesthesiology. The Pediatrix Medical Group and American Anesthesiology units, through their affiliated professional corporations, provide physician services including neonatology, maternal-fetal medicine, pediatric cardiology, pediatric intensive care, pediatric and OBGYN hospitalist services and anesthesiology. The Company's physician-led health care organization partners with hospitals, health systems and health care facilities to offer clinical services spanning the continuum of care, as well as revenue cycle management, patient engagement and performance improvement consulting solutions.
TypePublic
Founded1979
HQFort Lauderdale, FL, US
Websitemednax.com
Employee Ratings3
Overall CultureF

Latest Updates

Employees (est.) (Dec 2019)13,805(-14%)
Job Openings629
Revenue (FY, 2020)$1.7 B(-50%)
Share Price (Sept 2021)$30.1
Cybersecurity ratingCMore

Key People/Management at Mednax

C. Marc Richards

C. Marc Richards

Executive Vice President and Chief Financial Officer
Dominic J. Andreano

Dominic J. Andreano

Executive Vice President, General Counsel and Secretary
John C. Pepia

John C. Pepia

Senior Vice President, Chief Accounting Officer
Curtis B. Pickert

Curtis B. Pickert

President, Clinical Services Division
Mary Ann E. Moore

Mary Ann E. Moore

Senior Vice President and Chief Legal Officer, Operations
Roger M. Hinson

Roger M. Hinson

President
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Mednax Office Locations

Mednax has an office in Fort Lauderdale
Fort Lauderdale, FL, US (HQ)
1301 Concord Terrace
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Mednax Financials and Metrics

Mednax Revenue

Mednax's revenue was reported to be $1.73 b in FY, 2020
USD

Revenue (Q1, 2021)

446.8m

Net income (Q1, 2021)

17.6m

EBIT (Q1, 2021)

26.1m

Market capitalization (9-Sept-2021)

2.6b

Closing stock price (9-Sept-2021)

30.1

Cash (31-Mar-2021)

269.6m

EV

2.4b
Mednax's current market capitalization is $2.6 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.7b2.0b2.2b2.6b2.9b3.3b3.6b3.5b1.7b

Revenue growth, %

13%14%15%

General and administrative expense

154.3m170.4m193.5m218.2m247.5m305.9m372.6m417.1m432.4m404.6m248.9m

Operating expense total

154.3m170.4m193.5m218.2m247.5m305.9m372.6m417.1m432.4m500.0m248.9m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

426.7m571.3m643.7m851.2m868.3m888.7m845.9m509.2m460.6m446.8m

General and administrative expense

39.2m37.5m41.8m42.7m43.0m46.9m48.2m48.2m53.3m54.6m54.7m58.4m60.8m60.6m67.9m72.4m80.2m90.0m92.1m93.5m103.8m103.0m101.4m108.8m107.9m102.9m101.8m103.5m102.4m105.2m77.7m66.3m66.5m

Operating expense total

39.2m37.5m41.8m42.7m43.0m46.9m48.2m48.2m53.3m54.6m54.7m58.4m60.8m60.6m67.9m72.4m80.2m90.0m92.1m93.5m103.8m103.0m101.4m108.8m107.9m102.9m105.4m131.0m122.3m105.2m77.7m66.3m66.5m

Depreciation and amortization

10.5m10.4m10.4m11.4m13.6m15.5m16.9m19.6m20.2m24.2m25.6m25.7m25.1m26.2m26.5m28.7m20.0m19.8m19.6m18.7m14.4m7.2m8.0m
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

202.7m218.0m240.9m280.5m317.2m335.7m324.6m320.4m268.6m(1.5b)(796.5m)

Depreciation and Amortization

22.0m25.3m30.8m40.0m46.0m64.2m89.3m102.9m111.3m78.9m28.4m

Accounts Payable

(37.0m)21.5m17.0m49.2m66.0m(7.9m)11.6m24.6m15.4m104.2m47.9m

Cash From Operating Activities

240.6m271.0m325.7m405.4m422.6m368.7m443.8m511.4m289.9m346.6m204.6m
USDQ2, 2010

Financial Leverage

1.4 x
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Mednax Revenue Breakdown

Embed Graph

Mednax revenue breakdown by business segment: 39.8% from Neonatology and other pediatric subspecialties, 39.8% from Management services, 8.2% from Anesthesiology, 6.1% from Radiology, 5.1% from Pediatric cardiology and 1.0% from Other

Mednax Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

SecurityScorecard logo

Mednax Online and Social Media Presence

Embed Graph

Mednax Company Culture

  • Overall Culture

    F

    49/100

  • CEO Rating

    F

    50/100

  • Compensation

    D+

    56/100

  • Diversity

    F

    41/100

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Mednax News and Updates

What’s Next For Mednax Stock After The Recent 20% Rally?

The stock price of Mednax (NYSE: MD), a healthcare company that partners with hospitals, health systems, and health care facilities to offer specialized women and children clinical services, has seen a 5% drop over the last five trading days. Mednax’s contract with CVS Aetna in Texas expired...

R1 RCM and Mednax Announce Enterprise Revenue Cycle Management Agreement to Enhance Patient Experience and Drive Financial Performance

CHICAGO, May 17, 2021 (GLOBE NEWSWIRE) -- R1 RCM Inc. (NASDAQ:RCM), a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, and Mednax, Inc. (NYSE:MD), a national medical group specializing in prenatal, neonatal and…

United States Anesthesiology Service Market Report 2021, Featuring Analysis of Key Players Envision Healthcare, Teamhealth and Mednax

Dublin, April 08, 2021 (GLOBE NEWSWIRE) -- The "The US Anesthesiology Service Market: Size, Trends & Forecasts (2021-2025 Edition)" report has been added to ResearchAndMarkets.com's offering.

MGIC Investment & Halozyme Therapeutics Set to Join S&P MidCap 400; First Bancorp, The Geo Group & Mednax to Join S&P SmallCap 600

S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and SmallCap 600 effective prior to the opening of trading on Friday, November 13:

Mednax to sell radiology business to doctor-owned Radiology Partners for $885 million in cash

Mednax Inc. said Thursday it has reached an agreement to sell its radiology business to physician-owned Radiology Partners for $885 million in cash. Mednax is a provider of maternal-fetal, newborn and pediatric subspecialty care based in Fort Lauderdale, Florida. "This transaction will enable MEDNA…

Starboard picks stake in Mednax, calls for co's sale - WSJ

Activist investor Starboard Value LP is pushing healthcare service provider Mednax Inc to sell all or part of itself, reported the Wall Street Journal citing people familiar with the matter.
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Mednax Blogs

Guest Blog: What is myocarditis and why is it making children sick?

Guest blog by Kris Deeter, M.D., MBA. Learn more about Dr. Deeter's credentials and role within Mednax below.

Building a culture of safety through highly reliable care

It’s estimated that medical errors are the leading cause of patient deaths in the United States after cancer and heart disease. Mednax® is working to change that by empowering our clinicians to deliver the safest care through a series of patient safety initiatives across our national med…

Caring for NICU babies: It takes a village

In the United States, between 10% and 15% of newborns require special care in the neonatal intensive care unit (NICU). Collectively caring for more than 5,350 neonates daily in more than 385 NICU facilities across the country, Pediatrix® Medical Group, part of the Mednax® family, employs…

National Suicide Prevention Week: While you’re taking care of others, who’s taking care of you?

On any given day, clinicians can be stretched thin due to the volume of patients they treat and their administrative responsibilities. This is especially true for clinicians who work in hospital emergency departments, intensive care units, surgical and cardiac wards and other high-acuity…

Employee Spotlight: Dwight Mills, CFA - Associate Vice President of Business Development

We sat down with Dwight Mills, associate vice president for business development at Mednax®. A native of Jamaica, Dwight majored in physics at Lawrence University in Wisconsin and earned a master’s of business administration from the University of Florida. He joined Mednax five years ago…

Protecting Our Children is Everyone’s Responsibility

More than 630,000 Americans have died related to COVID-19, and the number is rising again. Right now, as many as 1,000 Americans are dying each day from COVID-19. In the U.S., over 4.6 million cases have occurred in children. While the disease is generally milder in people under 18 years…
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Mednax Frequently Asked Questions

  • When was Mednax founded?

    Mednax was founded in 1979.

  • Who are Mednax key executives?

    Mednax's key executives are C. Marc Richards, Dominic J. Andreano and John C. Pepia.

  • How many employees does Mednax have?

    Mednax has 13,805 employees.

  • What is Mednax revenue?

    Latest Mednax annual revenue is $1.7 b.

  • What is Mednax revenue per employee?

    Latest Mednax revenue per employee is $125.6 k.

  • Who are Mednax competitors?

    Competitors of Mednax include Tenet Healthcare, LifePoint Health and Envision Healthcare.

  • Where is Mednax headquarters?

    Mednax headquarters is located at 1301 Concord Terrace, Fort Lauderdale.

  • Where are Mednax offices?

    Mednax has an office in Fort Lauderdale.

  • How many offices does Mednax have?

    Mednax has 1 office.