OLI recorded this information on 3/12/2015
$Amount Announced Repurchased:
Under the terms of the ASR, MEDNAX will repurchase $200 million of its common stock, with an aggregate initial delivery of approximately 2.2 million shares. The final number of shares to be repurchased will be based on the volume-weighted average share price of the company's common stock during the term of the ASR, minus a discount. The final settlement of the transactions under the ASR is expected to occur in up to nine months. The Company is funding the ASR with borrowings under its credit facility.
MEDNAX provides physician services including newborn, anesthesia, maternal-fetal, radiology and teleradiology, pediatric cardiology and other pediatric subspecialty care. Co.'s network comprised of physicians, including physicians who provide neonatal clinical care, primarily within hospital-based neonatal intensive care units, to babies born prematurely or with medical complications. Co. also provides radiology services and teleradiology services. In addition to its national physician network, Co. provides services to healthcare facilities and physicians, including Co.'s, through complementary businesses, consisting of a management services organization and a consulting services company.
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Hold (1.89 out of 4)
(ranked lower than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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