Mednax Inc. (NYSE: MD) continues to consolidate, purchasing radiology firm vRad for $500 million. The Sunrise, Florida-based medical network, known for scooping up various medical specialty practices, expects to close the deal in the second quarter.
Short for Virtual Radiologic, vRad provides x-ray and ultrasound services. The company, which has 350 physicians, interprets more than 5 million patient studies annually. Its executive team will join Mednax but remain based in Eden Prairie, Minnesota.