Law Offices of Howard G. Smith announces an investigation on behalf of
Mednax, Inc. (“Mednax” or the “Company) (NYSE: MD)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
On April 20, 2017, Mednax announced poor financial results for the first
quarter of 2017, including missed earnings. Mednax also reported that
“[s]ame-unit revenue from net reimbursement-related factors is expected
to decline by 0.6 percent for the first quarter of 2017, compared to the
first quarter of 2016, driven by a 90 basis point payor mix shift to
government payors that impacted same-unit pricing negatively by 150
basis points.” On this news, Mednax’s share price fell $5.39, or 8.1%,
to close at $61.30 per share on April 20, 2017.
Then, on July 28, 2017, during its second quarter earnings call, Mednax
announced that the Company had failed to complete acquisitions of
anesthesiologist practices during the quarter and that any future
anesthesiologist acquisitions were unlikely, citing the “challenging”
payor mix combined with “continued … growth in compensation expense for
nurse anesthetists.” On this news, Mednax’s share price fell $8.76 or
15.5%, to close at $47.73 per share on July 28, 2017, thereby further
If you purchased Mednax securities, have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com,
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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