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EX - 99.1 2 md - ex99_1.htm EX - 99.1 MEDNAX® National Medical Group FOR MORE INFORMATION : Charles Lynch Senior Vice President , Finance and Strategy 954-384-0175 , x 5692 charles_lynch@mednax.com FOR IMMEDIATE RELEASE Mednax Reports Third Quarter Results FORT LAUDERDALE , Fla . , October 28 , 2021 - Mednax , Inc. ( NYSE : MD ) , the national medical group specializing in prenatal , neonatal , and pediatric services , today reported earnings from continuing operations of $ 0.37 per share for the three months ended September 30 , 2021. On a non - GAAP basis , Mednax reported Adjusted EPS from continuing operations of $ 0.46 . For the 2021 third quarter , Mednax reported the following results from continuing operations : Net revenue of $ 493 million ; Income from continuing operations of $ 32 million ; and Adjusted EBITDA of $ 73 million . " We are pleased with our third - quarter results , the strategic steps we have been taking , and the strength of our balance sheet , ” said Mark S. Ordan , Chief Executive Officer of Mednax . “ Our financial performance accompanied many positive steps in the organization , the combination of which we believe positions us very well to face challenges and to seize opportunities . Our recent investment in Brave Care , which brings us a suite of innovative technology and operating systems , should enable us to accelerate our activities in pediatric primary and urgent care . All of what we are doing is part of our drive to lead in the continuum of women's and children's care . ” Operating Results from Continuing Operations – Three Months Ended September 30 , 2021 Mednax's net revenue for the three months ended September 30 , 2021 was $ 492.9 million , compared to $ 460.6 million for the prior - year period . Mednax's overall same - unit revenue increased by 5.9 percent , modestly complemented by net acquisition activity . Same - unit revenue attributable to patient volume increased by 6.5 percent for the 2021 third quarter as compared to the prior - year period . Shown below are year - over - year percentage changes in certain same - unit volume statistics for the three and nine months ended September 30 , 2021. ( Note : figures in the below table reflect contributions only to net patient service