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Pediatrix Acquires South Carolina Neonatal Group Practice; Adds NICU Contract in San Antonio

    FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--April 17, 2002--Pediatrix Medical Group, Inc., (NYSE:PDX) has completed the acquisition of a physician group practice that provides neonatal intensive care patient services in the Columbia, South Carolina metropolitan area.
    The eight physicians practicing as part of the group staff two hospital-based neonatal intensive care units (NICUs) that generate annual volume of approximately 19,000 patient days.
    The acquisition complements Pediatrix's existing presence in South Carolina, which includes another physician group practice in Columbia as well as group practices in Greenville, Spartanburg and Rock Hill, just south of Charlotte, North Carolina.
    "This acquisition represents the continued execution of our strategy of building presence within markets we already serve," said Roger J. Medel, M.D., Chairman and Chief Executive Officer of Pediatrix. "In metropolitan areas across the country we have demonstrated that we realize increased operational efficiencies that are the product of our local market presence, while providing an attractive environment for physicians to concentrate on patient services."
    Pediatrix also was awarded a contract to provide neonatal physician services at a hospital in San Angelo, Texas. The location is expected to generate annual combined NICU and well-baby nursery patient volume of approximately 2,500 patient days. It will be integrated with Pediatrix's existing neonatal physician group practice in San Antonio.

    About Pediatrix

    Pediatrix was founded in 1979. Its neonatal physicians provide services at more than 188 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 590 physicians in 27 states and Puerto Rico. Additional information is available on the Internet:
    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.


    CONTACT:  Pediatrix Medical Group, Fort Lauderdale
              Bob Kneeley, 954/384-0175, Ext. 5300
    SOURCE:  Pediatrix Medical Group