Sunrise, FL, healthcare firm settles back-dating case
Miami Herald, March 6, 2009
Federal regulators charged Sunrise-based Pediatrix Medical Group, now known as Mednax, with back-dating stock options for executives and employees from 1997 to 2000. Without admitting or denying the allegations of the Securities and Exchange Commission, Mednax settled the case by promising not do such back-dating in the future.
The SEC complaint said the back-dating was done by a "now-deceased former senior financial officer" who "granted options at below-market prices." Mednax provides physician services primarily in neonatal and anesthesiology.