Business Editors/Health & Medical Writers

    FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--April 30, 2002--Pediatrix Medical Group, Inc., (NYSE:PDX) has further expanded its national group practice, completing the acquisition yesterday of a neonatal physician group practice that is based in Lexington, Kentucky.
    The four doctors in the Lexington practice staff a neonatal intensive care unit (NICU) at a hospital that generates annual patient volume of more than 8,500 patient days including approximately 1,500 well-baby nursery annual patient days.
    Including the acquisition in Lexington, Pediatrix has acquired four neonatal physician group practices and added an NICU contract through internal growth during 2002. The other practices acquired are located in Memphis, TN, Columbia, SC, and Charlotte, NC. Pediatrix was awarded a contract to manage an NICU in San Angelo, TX, that has been integrated into its San Antonio practice.

    About Pediatrix

    Pediatrix was founded in 1979. Its neonatal physicians provide services at more than 190 NICUs and through Obstetrix its perinatal physicians provide services in many markets where Pediatrix's neonatal physicians practice. Combined, Pediatrix and its affiliated professional corporations employ more than 600 physicians in 29 states and Puerto Rico. Additional information is available on the Internet: http://www.pediatrix.com.

    Except for historical information, matters discussed in this release include forward-looking statements that involve risks and uncertainties including, but not limited to, business, financial and integration risks. In addition, Pediatrix details other risk factors in its Annual Report on Form 10-K for the year ended December 31, 2001, filed with the U.S. Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from those projected or anticipated in the forward-looking statements.
    The forward-looking statements in this press release are made as of the date hereof based on management's current beliefs and expectations, and the Company undertakes no obligation to update or revise any such statements, whether as result of new developments, new information or otherwise.

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    CONTACT:  Pediatrix Medical Group, Fort Lauderdale
              Bob Kneeley, 954/384-0175, Ext. 5300
              bob_kneeley@pediatrix.com
              http://www.pediatrix.com
                 
    KEYWORD:  FLORIDA KENTUCKY
    INDUSTRY KEYWORD:  MEDICAL MERGERS/ACQ 
    SOURCE:  Pediatrix Medical Group