{"id":513156,"date":"2021-07-14T16:18:21","date_gmt":"2021-07-14T20:18:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mednax-announces-cvs-aetna-voluntarily-dismisses-2018-litigation\/"},"modified":"2021-07-14T16:18:21","modified_gmt":"2021-07-14T20:18:21","slug":"mednax-announces-cvs-aetna-voluntarily-dismisses-2018-litigation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mednax-announces-cvs-aetna-voluntarily-dismisses-2018-litigation\/","title":{"rendered":"Mednax Announces CVS Aetna Voluntarily Dismisses 2018 Litigation"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Mednax Announces CVS Aetna Voluntarily Dismisses 2018 Litigation<\/b><\/p>\n<p>FORT LAUDERDALE, Fla.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMednax, Inc. (NYSE: MD) announced today that CVS Aetna has voluntarily dismissed its litigation against the Company.\n<\/p>\n<p>\nOn July 14, CVS Aetna filed with the Court its voluntary dismissal of the case, putting an end to the litigation it initiated in 2018.\n<\/p>\n<p>\n\u201cWe are pleased that CVS Aetna has voluntarily dismissed the lawsuit that it filed against us in 2018, putting this matter fully in the past,\u201d said Mark S. Ordan, Chief Executive Officer of Mednax. \u201cOur core mission is to do what\u2019s absolutely best for our patients: mothers and children at their most vulnerable times. CVS Aetna\u2019s website speaks the same language about care, so we hope this can be a start of building a positive relationship for the sake of our patients.\u201d\n<\/p>\n<p><b>ABOUT MEDNAX<\/b><\/p>\n<p>\nMednax, Inc. is a national medical group comprised of the nation\u2019s leading providers of physician services. Physicians and advanced practitioners practicing as part of Mednax are reshaping the delivery of care within their specialties and subspecialties, using evidence-based tools, continuous quality initiatives, clinical research and telehealth programs to enhance patient outcomes and provide high-quality, cost-effective care. The Company was founded in 1979, and today, through its affiliated professional entities, Mednax provides services through a network of more than 2,300 physicians in 39 states and Puerto Rico. Additional information is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.mednax.com&amp;esheet=52460161&amp;newsitemid=20210714005770&amp;lan=en-US&amp;anchor=www.mednax.com&amp;index=1&amp;md5=d30c5004f2f60145d020c2f68e75996b\">www.mednax.com<\/a>.\n<\/p>\n<p><i>Certain statements and information in this press release may be deemed to contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may include, but are not limited to, statements relating to the Company\u2019s objectives, plans and strategies, and all statements, other than statements of historical facts, that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future. These statements are often characterized by terminology such as \u201cbelieve,\u201d \u201chope,\u201d \u201cmay,\u201d \u201canticipate,\u201d \u201cshould,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cpositioned,\u201d \u201cstrategy\u201d and similar expressions, and are based on assumptions and assessments made by the Company\u2019s management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Any forward-looking statements in this press release are made as of the date hereof, and the Company undertakes no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Important factors that could cause actual results, developments, and business decisions to differ materially from forward-looking statements are described in the Company\u2019s most recent Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q, including the sections entitled \u201cRisk Factors\u201d, as well the Company\u2019s current reports on Form 8-K, filed with the Securities and Exchange Commission, and include the impact of the COVID-19 pandemic on the Company and its financial condition and results of operations; the effects of economic conditions on the Company\u2019s business; the effects of the Affordable Care Act and potential changes thereto or a repeal thereof; the Company\u2019s relationships with government-sponsored or funded healthcare programs, including Medicare and Medicaid, and with managed care organizations and commercial health insurance payors, including whether Mednax\u2019s affiliated physicians will be out of network for Aetna in California, Texas, or any other jurisdiction, and the impact of disputes with payors, including pending litigation by CVS Aetna; the Company\u2019s ability to comply with the terms of its debt financing arrangements; the impact of the divestiture of the Company\u2019s anesthesiology and radiology medical groups; the impact of management transitions; the timing and contribution of future acquisitions; the effects of share repurchases; and the effects of the Company\u2019s transformation initiatives, including its reorientation on, and growth strategy for, its pediatrics and obstetrics business.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210714005770r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210714005770\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210714005770\/en\/<\/a><\/span><\/p>\n<p>\nCharles Lynch<br \/>\n<br \/>Senior Vice President, Finance and Strategy<br \/>\n<br \/>954-384-0175 ext. 5692<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:charles_lynch@mednax.com\">charles_lynch@mednax.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Florida<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Insurance Baby\/Maternity Other Technology Professional Services Practice Management Health Consumer General Health<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210714005770\/en\/517968\/3\/Logo1.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Mednax Announces CVS Aetna Voluntarily Dismisses 2018 Litigation FORT LAUDERDALE, Fla.&#8211;(BUSINESS WIRE)&#8211; Mednax, Inc. (NYSE: MD) announced today that CVS Aetna has voluntarily dismissed its litigation against the Company. On July 14, CVS Aetna filed with the Court its voluntary dismissal of the case, putting an end to the litigation it initiated in 2018. \u201cWe are pleased that CVS Aetna has voluntarily dismissed the lawsuit that it filed against us in 2018, putting this matter fully in the past,\u201d said Mark S. Ordan, Chief Executive Officer of Mednax. \u201cOur core mission is to do what\u2019s absolutely best for our patients: mothers and children at their most vulnerable times. CVS Aetna\u2019s website speaks the same language about care, so we hope &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mednax-announces-cvs-aetna-voluntarily-dismisses-2018-litigation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Mednax Announces CVS Aetna Voluntarily Dismisses 2018 Litigation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-513156","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mednax Announces CVS Aetna Voluntarily Dismisses 2018 Litigation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mednax-announces-cvs-aetna-voluntarily-dismisses-2018-litigation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mednax Announces CVS Aetna Voluntarily Dismisses 2018 Litigation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Mednax Announces CVS Aetna Voluntarily Dismisses 2018 Litigation FORT LAUDERDALE, Fla.&#8211;(BUSINESS WIRE)&#8211; Mednax, Inc. (NYSE: MD) announced today that CVS Aetna has voluntarily dismissed its litigation against the Company. On July 14, CVS Aetna filed with the Court its voluntary dismissal of the case, putting an end to the litigation it initiated in 2018. \u201cWe are pleased that CVS Aetna has voluntarily dismissed the lawsuit that it filed against us in 2018, putting this matter fully in the past,\u201d said Mark S. Ordan, Chief Executive Officer of Mednax. \u201cOur core mission is to do what\u2019s absolutely best for our patients: mothers and children at their most vulnerable times. 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(NYSE: MD) announced today that CVS Aetna has voluntarily dismissed its litigation against the Company. On July 14, CVS Aetna filed with the Court its voluntary dismissal of the case, putting an end to the litigation it initiated in 2018. \u201cWe are pleased that CVS Aetna has voluntarily dismissed the lawsuit that it filed against us in 2018, putting this matter fully in the past,\u201d said Mark S. Ordan, Chief Executive Officer of Mednax. \u201cOur core mission is to do what\u2019s absolutely best for our patients: mothers and children at their most vulnerable times. 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