Mednax Acquires North Carolina-based Piedmont Neonatology - Quick Facts

(RTTNews) - Mednax, Inc. (MD) Tuesday announced the acquisition of Piedmont Neonatology, P.C., a private neonatal physician group practice based in Greensboro, North Carolina.

The practice was acquired for cash and the transaction is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.

According to the firm, the practice will become part of its Pediatrix Medical Group division, a national group practice consisting of the nation's leading neonatal, maternal-fetal medicine, pediatric cardiology, and other pediatric specialty physicians.

Piedmont Neonatology consists of six neonatologists, who provide a wide spectrum of services including neonatal intensive care; delivery room; and maternal, newborn nursery and emergency department consults at Cone Health Women's Hospital.