Pediatric group practice company Pediatrix Medical Group is likely to be on the prowl soon for new acquisitions. The Sunrise, FL-based practice owner, which just acquired an anesthesiology practice in Falls Church, VA, has struck a deal with Bank of America to increase its line of credit for acquisitions to $200 million.
The deal should help the company act on its larger plans, which include an expansion in the northern Virginia marketplace. It should also give executives something more positive to focus on than the recent shareholder suit filed against it, which alleges that the company broke federal securities laws by, among other things, back-dating stock option grants.
To find out more about the deal:
- read this South Florida Business Journal piece
Related Articles:
Pediatrix faces shareholder suit. Report
Press Release: Pediatrix Provides Update on Stock Option Review. Report