FORT LAUDERDALE, Fla., July 21 /PRNewswire/ -- Pediatrix Medical Group,
Inc. (NYSE: PDX) today announced the acquisition of certain assets from three
neonatologists who practice in five neonatal intensive care units (NICUs) in
the San Jose, California, metropolitan area.
The three neonatologists have been practicing neonatology collectively in
San Jose for 32 years and represent Pediatrix' entry into the Northern
California market.
Pediatrix is the nation's largest neonatal physician practice management
company and currently operates 16 NICUs in the Southern California market.
Since January 1, 1997, Pediatrix has added a total of 27 NICUs, including
the San Jose acquisition, through a combination of internal marketing efforts
and acquisitions. During 1996, these units generated approximately 109,000
patient days. For all of 1996, Pediatrix recorded approximately 186,000
patient days. The NICUs to which Pediatrix currently provides services had
approximately 350,000 patient days during 1996.
Pediatrix Medical Group, Inc., is the nation's largest provider of
physician management services to hospital-based NICUs. The company provides
services to 95 NICUs, eight pediatric intensive care units, and three
pediatrics departments in 20 states and Puerto Rico and employs or contracts
with approximately 245 physicians.
Additional information is available on the Internet:
http://www.pediatrix.com .
SOURCE Pediatrix Medical Group
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CONTACT:
Larry Mullen, Pediatrix Medical Group,
954-384-0175; or Robert Kneeley, RKC Communications, 954-351-1976
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