Daily News: October 9, 2017

Ziegler Advises Jefferson Radiology on Recent Acquisition by MEDNAX

Ziegler, a specialty investment bank, served as the exclusive financial advisor to Jefferson Radiology and Jefferson Imaging Associates on their recent acquisition by MEDNAX.

Established in 1963, Jefferson Radiology is the largest private practice radiology group in Connecticut. The practice operates 10 imaging centers and provides exclusive services to seven regional hospitals.

With this partnership, MEDNAX, a physician-led provider of comprehensive solutions, expanded its radiology services into Connecticut and Massachusetts.

“Ziegler’s team gave us the confidence and capabilities to explore the best long-term opportunities for our practice,” said Ethan Foxman, M.D., Ph.D., president and CEO of Jefferson Radiology. “We could not be more pleased with the outcome and Ziegler was key to our success.”

“The Jefferson Radiology team has built an extremely impressive platform; one that is a leader in the provision of radiology services in both hospital and outpatient settings,” said Andrew Colbert, managing director in Ziegler’s Corporate Finance practice and lead banker on this transaction. “We could not be more thrilled to have represented Jefferson Radiology throughout this process.”

Brent Hill and team at Waller Lansden Dortch & Davis served as legal counsel to Jefferson Radiology and Jefferson Imaging Associates.