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Pediatrix Enters North Carolina with Charlotte Acquisition

    FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--April 18, 2002--Pediatrix Medical Group, Inc., (NYSE:PDX), continues to expand its national group practice, completing the acquisition yesterday of a neonatal physician group practice based in Charlotte, North Carolina.
    The seven physicians in the Charlotte practice staff four hospital-based neonatal intensive care units (NICUs) in that city and its surrounding communities. The four NICUs have annual patient volume in excess of 15,000 patient days. The transaction marks Pediatrix's entry into North Carolina. Pediatrix already staffs an NICU in nearby Rock Hill, South Carolina, a suburb of Charlotte.
    During 2002, Pediatrix has completed three physician group practice acquisitions, located in Memphis, TN, Columbia, SC, and Charlotte, NC, and was awarded a contract to provide neonatal physician services at a hospital in San Angelo, TX.

    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 28 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