Doctors’ office M&A machine may not be curable

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Starboard Value fired a warning shot at $2 billion U.S. medical staffing firm Mednax, submitting director nominations in preparation for a proxy fight. The activist fund, however, may not be able to cure the troubled M&A machine, says rob_cyran.

Mednax said on Dec. 11 that Starboard Value has submitted nominations for a majority slate of directors at the company’s 2020 shareholders meeting.

The firm owns medical practices and provides services such as anesthesia and neonatal care. Mednax said it is aware the activist fund had taken a stake and that it had met with Starboard.

 

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