Earnings release
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EX - 99.1 2 d420793dex991.htm EX - 99.1 FOR MORE INFORMATION : Charles Lynch Senior Vice President , Finance and Strategy 954-384-0175 , x 5692 charles_lynch@mednax.com FOR IMMEDIATE RELEASE MEDNAX® National Medical Group Exhibit 99.1 Mednax Reports First Quarter Results FORT LAUDERDALE , Fla . , May 7 , 2021 - Mednax , Inc. ( NYSE : MD ) , the national medical group specializing in prenatal , neonatal , and pediatric services , today reported earnings from continuing operations of $ 0.06 per share for the three months ended March 31 , 2021. On a non - GAAP basis , Mednax reported Adjusted EPS from continuing operations of $ 0.24 . For the 2021 first quarter , Mednax reported the following results from continuing operations : Net revenue of $ 447 million ; Income from continuing operations of $ 5 million ; and Adjusted EBITDA of $ 45 million . " Our operating results for the first quarter of 2021 reflected a meaningful positive trend through the quarter of patient volumes and payor mix , ” said Mark S. Ordan , Chief Executive Officer of Mednax . " We believe that along with this trend , our singular focus on supporting our affiliated clinicians and the incredible care they provide to women and children and our efforts to reshape our operating efficiency will enable us to grow and to drive strong results for all stakeholders . " Operating Results from Continuing Operations – Three Months Ended March 31 , 2021 During the 2021 first quarter , Mednax's operations were negatively impacted by reductions in patient volumes and revenue from the COVID - 19 pandemic . However , this impact was less significant than during the fourth quarter of 2020 . Mednax's net revenue for the three months ended March 31 , 2021 was $ 446.8 million , compared to $ 441.2 million for the prior - year period . Mednax's overall same - unit revenue increased by 2.5 percent , slightly offset by net acquisition activity . After adjusting to exclude the leap - year impact of an extra day in the 2020 first quarter results , overall same - unit revenue increased 3.6 percent .