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, US
Websitemednax.com
Employee Ratings2.9

Latest Updates

Employees (est.) (Dec 2018)16,085(+2%)
Job Openings822
Revenue (FY, 2018)$3.6 B(+6%)
Share Price (Oct 2019)$23.1 (+5%)

Mednax Office Locations

Mednax has an office in Fort Lauderdale
Fort Lauderdale, US (HQ)
1301 Concord Terrace
Show all (1)

Mednax Financials and Metrics

Mednax Revenue

Mednax's revenue was reported to be $3.65 b in FY, 2018
USD

Revenue (Q2, 2019)

868.3m

Net income (Q2, 2019)

(8.2m)

EBIT (Q2, 2019)

80.5m

Market capitalization (16-Oct-2019)

1.9b

Closing stock price (16-Oct-2019)

23.1

Cash (30-Jun-2019)

24.5m

EV

2.3b
Mednax's current market capitalization is $1.9 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.2b2.4b2.8b3.2b3.5b3.6b

Revenue growth, %

13%14%15%

General and administrative expense

218.2m305.9m372.6m417.1m432.4m

Operating expense total

1.7b2.2b2.6b3.0b3.2b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

626.5m639.4m676.6m722.3m752.6m771.8m828.0m835.6m842.9m869.0m901.9m915.9m896.7m851.2m868.3m

General and administrative expense

54.7m58.4m60.8m60.6m67.9m72.4m80.2m90.0m92.1m93.5m103.8m103.0m101.4m108.8m107.9m102.9m101.8m103.5m

Operating expense total

431.4m462.2m465.9m488.4m524.6m535.6m571.1m628.4m624.0m671.1m729.6m721.0m742.5m797.4m787.2m787.5m772.7m787.8m

Depreciation and amortization

10.5m10.4m10.4m11.4m15.5m16.9m19.6m20.2m24.2m25.6m25.7m25.1m26.2m26.5m28.7m20.0m19.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

31.1m47.9m51.6m55.7m60.2m36.7m

Accounts Receivable

285.4m352.2m444.7m495.3m504.0m542.3m

Current Assets

408.8m467.1m527.8m587.1m627.2m657.4m

PP&E

59.9m66.0m83.6m103.1m123.5m133.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

280.5m317.2m335.7m324.6m320.4m268.6m

Depreciation and Amortization

40.0m46.0m64.2m89.3m102.9m111.3m

Inventories

212.0k1.5m(4.9m)(783.0k)

Accounts Payable

49.2m66.0m(7.9m)11.6m24.6m15.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

201.5m63.7m142.7m228.9m68.6m152.6m243.3m67.8m150.1m246.5m54.7m118.4m184.3m63.4m142.8m208.4m(242.9m)(251.1m)

Depreciation and Amortization

29.5m10.4m20.7m32.1m13.6m29.2m46.1m19.6m39.8m64.0m25.6m51.3m76.5m26.2m52.7m81.4m20.0m39.8m

Accounts Payable

(3.3m)(131.4m)(64.3m)(12.6m)212.3m(119.5m)(52.7m)(135.4m)(91.8m)(32.6m)(151.9m)(87.9m)(9.8m)(136.3m)(100.4m)(38.1m)(132.6m)(57.1m)

Cash From Operating Activities

(49.8m)(33.0m)(21.8m)(113.6m)(56.8m)62.8m
USDY, 2019

EV/EBIT

28.3 x

EV/CFO

36.2 x

Financial Leverage

2.1 x
Show all financial metrics

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 Online and Social Media Presence

Embed Graph

Mednax News and Updates

MD LOSS NOTICE: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Mednax, Inc.; Important Deadline - MD

NEW YORK, Sept. 13, 2018 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Mednax, Inc. (NYSE: MD) from February 4, 2016 through July 27, 2017, inclusive (the "Class Period"). The...

Lifshitz & Miller LLP Announces Investigation of American Express Company, GDS Holdings Limited, Lannett Company, Inc., Mednax, Inc., Menlo Therapeutics Inc., Papa John's International, Inc., Tetraphase Pharmaceuticals, Inc. and Zion Oil & Gas, Inc.

NEW YORK, Sept. 12, 2018 /PRNewswire/ -- American Express Company (AXP) Lifshitz & Miller announces investigation into possible securities laws violations in connection with the FBI probing pricing practices within AXP's foreign-exchange unit. If you are an AXP investor, and would like...

global Ambulatory Surgery Center market iswill reach 113200 million US$ by 2025

QYResearch is a leading market research publisher which pursuits high product quality with the belief that quality is the soul of business and consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience Posted via Industr…

Global Ambulatory Surgery Center Market 2017: Key Players – EHH, THC, Mednax, QHC, ASCOA, Nueterra Healthcare

WiseGuyReports.com adds “Ambulatory Surgery Centers Market 2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023”  Posted via Industry Today. Follow us on Twitter @IndustryToday

Mednax fielding takeover interest from buyout firms, say sources: Reuters

Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity firms, sources told Reuters.

PE-backed ICP beefs up senior team with three new appointments

Integrated Care Physicians Inc, a portfolio company of BelHealth Investment Partners LLC, has made several new senior executive appointments. Stephen Bartow is now chief operations officer, Matt Jackson has become chief financial officer and Adam Greer is vice president of operations management. ICP…

Mednax Blogs

5 things you need to know about health care simulation

Today marks the beginning of Healthcare Simulation Week 2019, where we recognize the professionals across the globe who work in simulation and raise awareness of its critical role in improving patient care.

Advance your neonatology knowledge with 2 leading CE conferences

After long-running success in Orlando, we’re changing it up for 2020. Pack your bags this February for NEO: The Conference for Neonatology (NEO) or Specialty Review in Neonatology (Specialty Review) in sunny San Diego.

Forming a community to prevent burnout

As social beings, humans typically make connections with others to maintain personal happiness, as well as professional satisfaction. We often belong to several like-minded groups with shared experiences. These are our “communities.” For medical professionals, this is no different. As bu…

MEDNAX simulation team shares best practices at national meeting

The MEDNAX simulation team presented two storyboards about their mobile national simulation program at the 2019 Institute for Healthcare Improvement Patient Safety Congress in Houston, TX, this May. The event draws attendees who treat patients in all types of environments, including hosp…

MEDNAX CREQS launches new cloud-based continuing education platform

Just as health care is an ever-evolving industry, so too is the education of health care professionals. The dynamic nature of medicine means health care providers are always learning from their peers, from ongoing research and from developments in best practice. To support and honor this…

Find out how your state measures up in Medscape’s Best Places to Practice list

If you are looking for a job, considering relocation or are curious as to how your state measures up, check out Medscape’s Best & Worst Places to Practice list. The list evaluates all 50 states based a variety of criteria to identify where physicians can thrive. Areas of evaluation i…
Show more

Mednax Frequently Asked Questions

  • When was Mednax founded?

    Mednax was founded in 1979.

  • How many employees does Mednax have?

    Mednax has 16,085 employees.

  • What is Mednax revenue?

    Latest Mednax annual revenue is $3.6 b.

  • What is Mednax revenue per employee?

    Latest Mednax revenue per employee is $226.7 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.