First Look: MEDNAX Announces Acquisition of Neonatology Practice in California

MEDNAX, Inc. announced Wednesday the acquisition of Tri-Valley Neonatal Medical Group, Inc., a private neonatology physician practice based in Van Nuys, Calif.

Tri-Valley Neonatal Medical Group was established in 2002 and employs three full-time and one part-time neonatologists as well as one neonatal nurse practitioner.

We’re told that the practice provides neonatology and newborn nursery services at Valley Presbyterian Hospital in Van Nuys, Henry Mayo Newhall Hospital in Valencia, and Providence Holy Cross Medical Center in Mission Hills.

“Partnering with the MEDNAX national network will support our continued growth and provide long-term stability in this uncertain health care environment,” said Sukshma Sreepathi, M.D., who will serve as medical director for the practice. “Additionally, MEDNAX’s extensive research, education and quality initiatives will enhance the patient care experience.”

This acquisition adds to the services MEDNAX provides in California through its affiliated network of physicians across multiple specialties, which include maternal-fetal medicine, neonatology, newborn hearing screens, obstetric hospitalist, pediatric cardiology, pediatric hospitalist, pediatric intensive care and radiology.

As of press time, no additional terms of the transaction were disclosed.

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