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Mednax acquires San Antonio pediatric practice

Tue, 12/14/2010 - 5:45am
The Associated Press

FORT LAUDERDALE, Fla. (AP) — National physician group Mednax Inc. said Tuesday it bought a pediatric group practice based in San Antonio.

Mednax said UltraHealthCare PA is made up of six pediatric care physicians and one pediatric nurse practitioner. The staffers provide support for newborns and children at Methodist Children's Hospital of South Texas. Mednax said it paid cash for the practice and that the deal will add to its profit immediately.

Shares of Sunrise, Fla.-based Mednax gained 29 cents to $65.52 in morning trading.

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