MEDNAX acquires Radiology Associates of South Florida

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MEDNAX announced Wednesday, Aug. 23, it has acquired Miami-based Radiology Associates of South Florida (RASF). It was a cash transaction, and no other terms of the deal have been made public.

RASF is a large private radiology practice made up of more than 70 physicians. It was founded in 1960 and serves Baptist Health South Florida, a health system that includes seven hospitals and more than 50 outpatient facilities.

Roger J. Medel, MD, MEDNAX CEO, said in a prepared statement he was excited about the company’s “ability to attract leading radiology providers.”

“We believe the technological capabilities MEDNAX offers through vRad, combined with our own practice-management expertise and physician-centric leadership, makes us an extremely valuable partner to radiology practices,” Medel said. “I am excited at the opportunities we face with RASF, particularly given this group’s longstanding leadership position in radiology and its partnership with Baptist Health South Florida. Moreover, we continue to believe that the combination of on-site physician excellence and world-class technological capabilities will enable us to deliver on our vision of becoming the recognized leader in radiology services.”

“Our partnership with MEDNAX will allow RASF to not only maintain and enhance the strong on-site physician footprint engaged in all the activities with our hospital partners, but will also provide the much needed information technology platform and remote technology to expand our after-hours coverage in an efficient and highly specialized manner,” Ricardo C. Cury, MD, RASF chairman and CEO, said in the same statement. “In addition, it will provide size and scale to expand our initial efforts with machine learning and artificial intelligence in radiology and a robust data analytics platform to ensure success in new payment models and prove the value of appropriate imaging to the care of patients.”