This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

MEDNAX's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Stocks in this article: MD

In addition to this, also in late March we completed the acquisition of a pediatric cardiology practice in Orange, California. This is a well respected practice of 2 physicians that is affiliated with 11 hospitals in the area and has an extensive outreach program including multiple clinic locations throughout Orange County.

Focusing on American Anesthesiology, in early April we completed the acquisition of Burlington Anesthesia in Burlington, North Carolina. Burlington Anesthesia consists of 6 anesthesiologists who practice as part of a care team model that includes 12 full time equivalent CRNAs providing a wide spectrum of anesthesia services. Founded in 1978, they have long-standing relationships in their community. Many [ph] and physicians serve in leadership roles at their facility and are active in their local communities. As a practice, they felt that with the changing health care climate, it was the right time for them to join a national group practice like American Anesthesiology whose goals are aligned with theirs.

Each of these practices as a commitment to quality of care, customer service and patient [Audio Gap] very much aligned with MEDNAX's core values and will provide an opportunity to share best practices among our entire medical group. We're managing a very full and robust acquisition pipeline. Throughout all of 2012, we anticipate investing approximately $300 million to complete practice acquisitions across all of MEDNAX's physician specialties. While our goal has not changed on the $300 million, the timing of the acquisitions may be impacted by the complexity and the size of some of these deals. I'll [Audio Gap] to Vivian to discuss the financial specifics in a few minutes. But first, I want to spend some time discussing how we're enhancing the value proposition that I've just mentioned.

We recently completed one of our most important and largest meetings of the year, our annual medical directors meeting. This is a meeting where our physicians and clinicians in leadership roles come together to share best practices across all of our specialties and to benefit from the resources, team work, collaboration and leadership that come with our successful national group model. As a matter fact, the theme for the meeting this year was teamwork and collaboration and the value that this brings to us as a national group model.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,168.01 +193.70 1.14%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,549.4880 +0.2620 0.01%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs