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MEDNAX completes $250M accelerated share repurchase program

MEDNAX Inc. completed an accelerated share repurchase program for $250 million of its common stock.

Under the program, about 5.9 million common shares were repurchased at an average price of $42.47 apiece.

The accelerated repurchase program was launched as part of a $500 million share repurchase authorized by the company's board in August. As of Dec. 13, about $250 million was remaining under the authorization.

Sunrise, Fla.-based Mednax operates a national physician network and also provides services such as consulting and clinical specialties to healthcare facilities and physicians.