Sunrise’s Mednax’s revenue increases 14 percent in 2015
National medical group Mednax reported revenue of $2.78 billion in 2015, up14 percent from$2.44 billion the year before.
Net income was $336.3 million, or $3.58 a share, compared with $317.3 million, or $3.18 a share, in 2014.
Mednax, which is headquartered in Sunrise, acquired a total of 10 physician group practices, including seven anesthesiology practices, two neonatology practices, and one other pediatric subspecialty practice. The company also acquired teleradiology service firm vRad and a receivables company.
In total, Mednax spent $850 million for acquisitions in 2015, the company’s highest annual level to date.
For the fourth quarter, Mednax’s revenues increased to $742 million, 14 percent over the same quarter in 2014. Net income increased13 percent to $92.7 million.