FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 21, 2007--Pediatrix Medical Group, Inc. (NYSE:PDX) today announced that it has completed the acquisition of Northwest Newborn & Pediatric Services, a neonatal physician group practice that provides patient care at two Seattle-area hospitals.

Four physicians and three neonatal nurse practitioners provide care at the Level III neonatal intensive care unit (NICU) at Valley Medical Center in Renton, and at the Level II NICU at nearby Auburn Regional Medical Center in Auburn. Combined historical annual patient volume exceeds 4,000 NICU patient days, and 1,500 well-baby nursery patient days at the two hospitals.

"We've been dedicated to delivering evidence-based medicine to our patients and it is clear to us that Pediatrix is in a position to address clinical quality within neonatology," said Louis D. Pollack, M.D., who founded the practice and will now serve as Pediatrix's NICU medical director for the practice. "Practicing within a much larger national group will allow us to further enhance an environment that is constantly seeking answers to questions in order to improve outcomes for our patients."

Eric G. Leung, M.D., one of the partners of Northwest Newborn & Pediatric Services, will serve as Pediatrix's Corporate Medical Director for the practice.

Pediatrix used its cash to complete the acquisition of Northwest Newborn & Pediatric Services, and the practice is expected to contribute to Pediatrix's earnings.

During 2007, Pediatrix has used its cash to complete 10 physician group practice acquisitions.

About Pediatrix

Pediatrix Medical Group, Inc. is the nation's leading provider of neonatal, maternal-fetal and pediatric physician subspecialty services and recently expanded to include anesthesiology services. Pediatrix physicians and advanced practitioners are reshaping the delivery of care within the maternal-fetal, neonatal intensive care and pediatric cardiology subspecialties, using evidence-based tools, continuous quality initiatives and clinical research to enhance patient outcomes and provide high-quality, cost-effective care. Founded in 1979, its neonatal physicians provide services at more than 240 neonatal intensive care units, and in many markets they collaborate with affiliated maternal-fetal medicine, pediatric cardiology physician subspecialists and pediatric intensivists to provide a clinical care continuum. Combined, Pediatrix and its affiliated professional corporations employ more than 1,000 physicians in 32 states and Puerto Rico. Pediatrix is also the nation's largest provider of newborn hearing screens. Additional information is available at www.pediatrix.com.

Certain statements and information in this press release may be deemed to be "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements relating to our objectives, plans and strategies, and all statements (other than statements of historical facts) that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. These statements are often characterized by terminology such as "believe", "hope", "may", "anticipate", "should", "intend", "plan", "will", "expect", "estimate", "project", "positioned", "strategy" and similar expressions, and are based on assumptions and assessments made by Pediatrix's management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Any forward-looking statements in this press release are made as of the date hereof, and Pediatrix undertakes no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Important factors that could cause actual results, developments, and business decisions to differ materially from forward-looking statements are described in Pediatrix's most recent Annual Report on Form 10-K, including the section entitled "Risk Factors". Additional factors include, but are not limited to: the possible discovery of additional facts beyond those reviewed by the Audit Committee; litigation related to the matters investigated by the Pediatrix's Audit Committee or the restatements to Pediatrix's financial statements and other historical disclosures; and any regulatory actions of the SEC or the U.S. Attorney related to such matters.

    CONTACT: Pediatrix Medical Group, Inc., Fort Lauderdale
             Bob Kneeley, Director, Investor Relations
             954-384-0175, Ext. 5300
             bob_kneeley@pediatrix.com

    SOURCE: Pediatrix Medical Group, Inc.