Pediatrix Medical Group, a Fort Lauderdale, Fla.-based company employing some 1,050 physicians working in more than 240 neonatal intensive-care units in 32 states, announced that it has completed its acquisition of Neonatology Associates in a cash deal of an undisclosed amount.
Based in Rockville, Md., Neonatology Associates is a practice consisting of 16 physicians and four nurse practitioners who work at five Maryland hospitals. The company was founded in 1999 by Kimberly Iafolla, M.D., with three physician partners, a news release said.
In response to a question about whether more deals are in the pipeline, Pediatrix Investor Relations Director Bob Kneeley said: Were always looking for transactions. Weve closed on four already this year.
In addition to Neonatology Associates, Pediatrix has recently purchased practices in Atlanta, El Paso, Texas, and Pembroke Pines, Fla. -- by Andis Robeznieks