MD - Lawsuit for Investors in Shares of MEDNAX Inc. (NYSE: MD) Announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / September 11, 2018 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in shares of MEDNAX, Inc. (NYSE: MD).

Investors, who purchased shares of MEDNAX, Inc. (NYSE: MD), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On April 20, 2017, Mednax announced its preliminary financial and operating results for its 2017 first quarter. MEDNAX, Inc reported negative financial results for the first quarter of 2017.

Then on July 28, 2017, during an earnings call, MEDNAX, Inc announced that the Company failed to complete any acquisitions of anesthesiologist practices during the second quarter and disclosed that any future acquisitions were unlikely.

On July 11, 2018, a lawsuit was filed against MEDNAX, Inc. over alleged securities laws violations. More specifically, the plaintiff claims that Mednax's business model depended upon growth from the acquisition of new practice groups, primarily in anesthesiology, and that in truth, Mednax's business model is not sustainable and its growth was based upon suppressing physician compensation and enforcing non-compete agreements to deter physician defections.

Those who purchased MEDNAX, Inc. (NYSE: MD) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.