MEDNAX is a physician-led health solutions partner providing the highest quality patient care through our national network of nearly 3,000 physicians. Our physician practices and business professionals are passionate about taking great care of patients, continually optimizing performance and helping providers overcome healthcare’s quality, financial and administrative complexities. Physicians and advanced practitioners practicing as part of MEDNAX are reshaping the delivery of care within their specialties and subspecialties, using evidence-based tools, continuous quality initiatives, clinical research to enhance patient outcomes and provide high-quality, cost-effective care. The Company was founded in 1979, and today, through its affiliated professional corporations, MEDNAX provides services through a network of more than 3,200 physicians in all 50 states and Puerto Rico. In addition to its national physician network, MEDNAX provides services to healthcare facilities and physicians in over 40 states through two complementary businesses, consisting of a revenue cycle management company and a consulting services company.
Company Growth (employees)
Mednax was founded in 1979 and is headquartered in Sunrise, US
Mednax Office Locations
Mednax has an office in Sunrise
Sunrise, US (HQ)
1301 Concord Terrace
Mednax Data and Metrics
Mednax Financial Metrics
Mednax's revenue was reported to be $835.6 m in Q1, 2017
USD
Revenue (Q1, 2017) | 835.6 m |
Net income (Q1, 2017) | 54.7 m |
EBIT (Q1, 2017) | 106 m |
Market capitalization (25-Jul-2017) | 5.3 b |
Cash (31-Mar-2017) | 41.8 m |
Mednax's current market capitalization is $5.3 b.
- Source: SEC Filings
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 2.2 b | 2.4 b | 2.8 b | 3.2 b |
Revenue growth, % | 13% | 14% | 15% | |
General and administrative expense | 97 m | |||
Operating expense total | 1.7 b | 1.9 b | 2.2 b | 688 m |
EBIT | 452.1 m | 511.2 m | 554.7 m | 142.8 m |
EBIT margin, % | 21% | 21% | 20% | 4% |
Interest expense | (1 m) | (3.3 m) | (8.5 m) | (16.4 m) |
Pre tax profit | 123.4 m | 138.9 m | 144 m | 128 m |
Income tax expense | 44.4 m | 50.6 m | 51.6 m | 49.9 m |
Net Income | 280.5 m | 317.2 m | 335.7 m | 324.6 m |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 626.5 m | 639.4 m | 676.6 m | 722.3 m | 752.6 m | 771.8 m | 828 m | 835.6 m | |
General and administrative expense | 60.8 m | 60.6 m | 67.9 m | 72.4 m | 80.2 m | 90 m | 92.1 m | 93.5 m | 103.8 m |
Operating expense total | 60.8 m | 60.6 m | 67.9 m | 72.4 m | 80.2 m | 90 m | 92.1 m | 93.5 m | 103.8 m |
EBIT | 129.7 m | 138.1 m | 114.8 m | 141 m | 151.1 m | 124.2 m | 147.8 m | 156.9 m | 106 m |
EBIT margin, % | 22% | 18% | 21% | 21% | 17% | 19% | 19% | 13% | |
Interest expense | (2.2 m) | (2 m) | (3.3 m) | (5.1 m) | (6.2 m) | (14.5 m) | (15.1 m) | (17.2 m) | (17.8 m) |
Pre tax profit | 128 m | 137.4 m | 112.5 m | 136.9 m | 146.3 m | 111.2 m | 133.9 m | 140.7 m | 89.7 m |
Income tax expense | 48.9 m | 51.2 m | 43.9 m | 52.9 m | 55.6 m | 43.4 m | 51.6 m | 44.3 m | 35 m |
Net Income | 79 m | 86.2 m | 68.6 m | 84 m | 90.6 m | 67.8 m | 82.3 m | 96.4 m | 54.7 m |
- Source: SEC Filings
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 31.1 m | 47.9 m | 51.6 m | 55.7 m |
Accounts Receivable | 285.4 m | 352.2 m | 444.7 m | 495.3 m |
Current Assets | 408.8 m | 467.1 m | 527.8 m | 587.1 m |
PP&E | 59.9 m | 66 m | 83.6 m | 103.1 m |
Goodwill | 2.4 b | 2.8 b | 3.4 b | 3.8 b |
Total Assets | 3 b | 3.6 b | 4.5 b | 5.3 b |
Accounts Payable | 308.8 m | 380.7 m | 395.8 m | 407.9 m |
Total Debt | 27.1 m | 201.3 m | 355.4 m | 805.6 m |
Current Liabilities | 326.8 m | 416.3 m | 428.8 m | 448.9 m |
Total Liabilities | 2.6 b | |||
Additional Paid-in Capital | 858 m | 886.9 m | 926.2 m | 974.3 m |
Retained Earnings | 1.5 b | 1.4 b | 1.5 b | 1.8 b |
Total Equity | 2.3 b | 2.3 b | 2.4 b | 2.8 b |
Debt to Equity Ratio | 0 x | 0.1 x | 0.1 x | 0.3 x |
Debt to Assets Ratio | 0 x | 0.1 x | 0.1 x | 0.2 x |
Financial Leverage | 1.3 x | 1.6 x | 1.9 x | 1.9 x |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 17.7 m | 71.8 m | 50.2 m | 65.3 m | 60.9 m | 55.5 m | 51.9 m | 52.8 m | 41.8 m |
Accounts Receivable | 327.4 m | 345.2 m | 360.9 m | 380.5 m | 406.8 m | 465.8 m | 461.2 m | 487 m | 487.7 m |
Current Assets | 407.7 m | 481.1 m | 478 m | 525.5 m | 573.2 m | 551.4 m | 548.5 m | 575.5 m | 562.4 m |
PP&E | 60.2 m | 63.6 m | 67.3 m | 81.4 m | 82.9 m | 87.7 m | 89.9 m | 98.5 m | 108.3 m |
Goodwill | 2.5 b | 2.7 b | 2.8 b | 3.2 b | 3.3 b | 3.4 b | 3.5 b | 3.8 b | 3.9 b |
Total Assets | 3.2 b | 3.5 b | 3.6 b | 4.3 b | 4.5 b | 4.6 b | 4.8 b | 5.3 b | 5.4 b |
Accounts Payable | 241.8 m | 300.3 m | 212.3 m | 286.7 m | 351.6 m | 260.4 m | 300.1 m | 363.3 m | 256.3 m |
Current Liabilities | 262.8 m | 329.3 m | 267.4 m | 311.8 m | 404.6 m | 312.7 m | 332.1 m | 413 m | 328.6 m |
Additional Paid-in Capital | 884.5 m | 898.6 m | 875.4 m | 897.6 m | 917.5 m | 931 m | 946.1 m | 959 m | 979 m |
Retained Earnings | 1.5 b | 1.6 b | 1.2 b | 1.3 b | 1.4 b | 1.5 b | 1.6 b | 1.7 b | 1.8 b |
Total Equity | 2.4 b | 2.5 b | 2.1 b | 2.2 b | 2.3 b | 2.5 b | 2.6 b | 2.7 b | 2.8 b |
Financial Leverage | 1.3 x | 1.4 x | 1.7 x | 1.9 x | 1.9 x | 1.9 x | 1.9 x | 2 x | 2 x |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | 280.5 m | 317.2 m | 335.7 m | 324.6 m |
Depreciation and Amortization | 40 m | 46 m | 18.1 m | 89.3 m |
Accounts Receivable | (37 m) | (57 m) | (55 m) | (34 m) |
Inventories | 212 k | 1.5 m | (4.9 m) | (783 k) |
Accounts Payable | 49.2 m | 66 m | (7.9 m) | 11.6 m |
Cash From Operating Activities | 9.9 m | 16.8 m | 3.6 m | 368.7 m |
Purchases of PP&E | (15.7 m) | (18.1 m) | (27.1 m) | (39.3 m) |
Cash From Investing Activities | (263.5 m) | (503.6 m) | (848 m) | (821.2 m) |
Interest Paid | 3.3 m | 7.3 m | 20.4 m | 60.5 m |
Income Taxes Paid | 126.4 m | 161.8 m | 181 m | 176 m |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 79 m | 86.2 m | 68.6 m | 84 m | 90.6 m | 67.8 m | 82.3 m | 96.4 m | 54.7 m |
Depreciation and Amortization | 10.4 m | 11.4 m | 13.6 m | 15.5 m | 16.9 m | 19.6 m | 20.2 m | 24.2 m | 25.6 m |
Accounts Receivable | 327.4 m | 345.2 m | 360.9 m | 380.5 m | 406.8 m | 465.8 m | 461.2 m | 487 m | 487.7 m |
Accounts Payable | 241.8 m | 300.3 m | 212.3 m | 286.7 m | 351.6 m | 260.4 m | 300.1 m | 363.3 m | 256.3 m |
| USD | Y, 2017 |
|---|---|
Revenue/Employee | 112.9 k |
Financial Leverage | 2 x |
