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Pediatrix Completes New $100 Million Credit Facility

    FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Sept. 4, 2001--Pediatrix Medical Group, Inc., (NYSE:PDX) today announced that it has closed on a new $100 million, three-year senior revolving credit facility.
    The $100 million credit facility was arranged through a syndication of commercial banks that includes Fleet Bank, N.A. as lead arranger and administrative agent, U.S. Bank as syndication agent and HSBC Bank USA as documentation agent. Terms of the new facility are consistent with the terms of the $75 million credit facility that it replaces, which was due to mature later this year.
    Pediatrix currently has approximately $17 million outstanding on the new credit facility.
    With the combination of cash flow from operations and the credit facility, Pediatrix believes that it has sufficient financial resources to continue to execute its growth strategy for the foreseeable future. Since 1996, Pediatrix has successfully acquired more than 75 physician group practices and integrated them into its national group model.

    About Pediatrix

    Pediatrix was founded in 1979. Its neonatal physicians provide services at more than 185 NICUs and its perinatal physicians provide services in 16 markets where Pediatrix's neonatal physicians practice. Combined, Pediatrix and its affiliated professional corporations employ more than 570 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, 2000, 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.


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

    SOURCE:  Pediatrix Medical Group, Inc.