MEDNAX, a national group practice of pediatric and anesthesiology specialists offering services to hospitals and physician offices, has agreed to acquire vRad, which offers radiology and telemedicine services to provider organizations, for $500 million.

The deal is expected to close during the second quarter of 2015 and immediately make a positive impact to the earnings of publicly held MEDNAX. The vRad management team will join MEDNAX and the vRad office in Eden Prairie, Minn., will remain open.

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