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)
Type
Public
HQ
Sunrise, US
Founded
1979
Size (employees)
7,400 (est)+38%
Website
mednax.com
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.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.2 b2.4 b2.8 b3.2 b

Revenue growth, %

13%14%15%

General and administrative expense

97 m

Operating expense total

1.7 b1.9 b2.2 b688 m

EBIT

452.1 m511.2 m554.7 m142.8 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 m138.9 m144 m128 m

Income tax expense

44.4 m50.6 m51.6 m49.9 m

Net Income

280.5 m317.2 m335.7 m324.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

626.5 m639.4 m676.6 m722.3 m752.6 m771.8 m828 m835.6 m

General and administrative expense

60.8 m60.6 m67.9 m72.4 m80.2 m90 m92.1 m93.5 m103.8 m

Operating expense total

60.8 m60.6 m67.9 m72.4 m80.2 m90 m92.1 m93.5 m103.8 m

EBIT

129.7 m138.1 m114.8 m141 m151.1 m124.2 m147.8 m156.9 m106 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 m137.4 m112.5 m136.9 m146.3 m111.2 m133.9 m140.7 m89.7 m

Income tax expense

48.9 m51.2 m43.9 m52.9 m55.6 m43.4 m51.6 m44.3 m35 m

Net Income

79 m86.2 m68.6 m84 m90.6 m67.8 m82.3 m96.4 m54.7 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

31.1 m47.9 m51.6 m55.7 m

Accounts Receivable

285.4 m352.2 m444.7 m495.3 m

Current Assets

408.8 m467.1 m527.8 m587.1 m

PP&E

59.9 m66 m83.6 m103.1 m

Goodwill

2.4 b2.8 b3.4 b3.8 b

Total Assets

3 b3.6 b4.5 b5.3 b

Accounts Payable

308.8 m380.7 m395.8 m407.9 m

Total Debt

27.1 m201.3 m355.4 m805.6 m

Current Liabilities

326.8 m416.3 m428.8 m448.9 m

Total Liabilities

2.6 b

Additional Paid-in Capital

858 m886.9 m926.2 m974.3 m

Retained Earnings

1.5 b1.4 b1.5 b1.8 b

Total Equity

2.3 b2.3 b2.4 b2.8 b

Debt to Equity Ratio

0 x0.1 x0.1 x0.3 x

Debt to Assets Ratio

0 x0.1 x0.1 x0.2 x

Financial Leverage

1.3 x1.6 x1.9 x1.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

17.7 m71.8 m50.2 m65.3 m60.9 m55.5 m51.9 m52.8 m41.8 m

Accounts Receivable

327.4 m345.2 m360.9 m380.5 m406.8 m465.8 m461.2 m487 m487.7 m

Current Assets

407.7 m481.1 m478 m525.5 m573.2 m551.4 m548.5 m575.5 m562.4 m

PP&E

60.2 m63.6 m67.3 m81.4 m82.9 m87.7 m89.9 m98.5 m108.3 m

Goodwill

2.5 b2.7 b2.8 b3.2 b3.3 b3.4 b3.5 b3.8 b3.9 b

Total Assets

3.2 b3.5 b3.6 b4.3 b4.5 b4.6 b4.8 b5.3 b5.4 b

Accounts Payable

241.8 m300.3 m212.3 m286.7 m351.6 m260.4 m300.1 m363.3 m256.3 m

Current Liabilities

262.8 m329.3 m267.4 m311.8 m404.6 m312.7 m332.1 m413 m328.6 m

Additional Paid-in Capital

884.5 m898.6 m875.4 m897.6 m917.5 m931 m946.1 m959 m979 m

Retained Earnings

1.5 b1.6 b1.2 b1.3 b1.4 b1.5 b1.6 b1.7 b1.8 b

Total Equity

2.4 b2.5 b2.1 b2.2 b2.3 b2.5 b2.6 b2.7 b2.8 b

Financial Leverage

1.3 x1.4 x1.7 x1.9 x1.9 x1.9 x1.9 x2 x2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

280.5 m317.2 m335.7 m324.6 m

Depreciation and Amortization

40 m46 m18.1 m89.3 m

Accounts Receivable

(37 m)(57 m)(55 m)(34 m)

Inventories

212 k1.5 m(4.9 m)(783 k)

Accounts Payable

49.2 m66 m(7.9 m)11.6 m

Cash From Operating Activities

9.9 m16.8 m3.6 m368.7 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 m7.3 m20.4 m60.5 m

Income Taxes Paid

126.4 m161.8 m181 m176 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

79 m86.2 m68.6 m84 m90.6 m67.8 m82.3 m96.4 m54.7 m

Depreciation and Amortization

10.4 m11.4 m13.6 m15.5 m16.9 m19.6 m20.2 m24.2 m25.6 m

Accounts Receivable

327.4 m345.2 m360.9 m380.5 m406.8 m465.8 m461.2 m487 m487.7 m

Accounts Payable

241.8 m300.3 m212.3 m286.7 m351.6 m260.4 m300.1 m363.3 m256.3 m
USDY, 2017

Revenue/Employee

112.9 k

Financial Leverage

2 x

Mednax Market Value History

Mednax Revenue Breakdown

Mednax Online and Social Media Presence

Mednax Company Life and Culture

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