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Pediatrix Expands in Central Florida; Acquires Neonatal Physician Group Practice

    FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 13, 2001--Pediatrix Medical Group, Inc., (NYSE:PDX) continues to expand its presence in the rapidly-growing Central Florida area with the acquisition today of a physician group practice that specializes in newborn care.
    The physician group, based in Lakeland, Florida, has annual patient volume of approximately 5,000 neonatal intensive care unit (NICU) patient days, and 2,000 annual well-baby patient days.
    Pediatrix has acquired three physician group practices in Central Florida since May 2001 with combined annual volume of 38,000 NICU patient days and 5,000 well-baby patient days.
    Since embarking on its acquisition program in 1995, Pediatrix has successfully executed its strategy of consolidating physician groups specializing in neonatal and maternal-fetal care in numerous markets across the country.

    About Pediatrix

    Pediatrix was founded in 1979. Its neonatal physicians provide services at more than 185 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 585 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.
    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, Inc., Fort Lauderdale
              Bob Kneeley, 954/384-0175, x-5300
    SOURCE:  Pediatrix Medical Group, Inc.