Pediatrix Medical Group, Inc. - Introduction

Introduction

1301 Concord Terrace
Fort Lauderdale, Florida 33323
U.S.A.
Telephone: (954) 384-0175
Toll Free: (800) 243-0175
Fax: (954) 233-3202
Web site: http://www.pediatrix.com

Public Company
Incorporated: 1979 as South Florida Neonatology Associates
Employees: 2,291
Sales: $465.5 million (2002)
Stock Exchanges: New York
Ticker Symbol: PDX
NAIC: 621111 Offices of Physicians (Except Mental Health Specialists)

Pediatrix Medical Group, Inc. is the largest national practice group of neonatal physicians, providing hospital-based care for ill newborns, including premature babies with low birth weight or medical complications. Pediatrix employs over 630 neonatologists, including sub-specialists in maternal-fetal (perinatal) medicine for women with high-risk pregnancies and pediatric cardiology. Through direct ownership or contract Pediatrix manages more than 200 neonatal intensive care units (NICUs) in 30 states and Puerto Rico. Regional networks operate in Phoenix-Tucson, Denver-Colorado Springs, Seattle-Tacoma, southern California, Las Vegas, Kansas City, Des Moines, San Antonio, and Dallas/Ft. Worth. Also, Pediatrix manages newborn nurseries for healthy babies during their stay in the hospital after birth. Pediatrix operates as a physician practice management group, handling the billing, collections, and other daily administrative responsibilities of NICUs so that doctors can direct their energies to caring for babies. Pediatrix provides physicians with several means of learning and improving medical skills, such as the Research Data System which collects and organizes the outcomes of patient care to ascertain the best approaches to treatment.