Pediatrix Acquires Atlanta Maternal-Fetal Physician Practice
16 July 2008 - 9:00PM
Business Wire
Pediatrix Medical Group, Inc. (NYSE:PDX) has acquired Maternal
Fetal Diagnostic Center of Atlanta, Inc., a physician group that
provides services to women with complicated pregnancies. The
practice was founded 18 years ago by Phillip L. Potter, M.D., a
sole practitioner who sees patients at offices located near two
Atlanta area hospitals. The group includes two nurse practitioners
as well as clinical and administrative support staff, and Pediatrix
will recruit an additional physician to the practice. Dr. Potter
has joined Pediatrix to gain additional practice administrative
resources to support increasing demand that is coming from a
growing referral base, as well as to participate in clinical
research. �I�m excited about the opportunities to collaborate on
research with maternal-fetal medicine physicians throughout the
country to find ways to improve the health of women with high-risk
pregnancies,� said Dr. Potter. With the completion of this
acquisition, the Company now has a network of more than 120
physicians practicing maternal-fetal medicine and obstetrics across
the nation. Pediatrix paid cash for the practice which is expected
to contribute to earnings per share immediately. No additional
terms of the transaction were announced. Pediatrix has completed
seven physician group practice acquisitions during 2008 including
one neonatal group, three pediatric cardiology groups, two
maternal-fetal groups and one anesthesia group. About Pediatrix
Pediatrix Medical Group, Inc. is the nation�s leading provider of
neonatal, maternal-fetal and pediatric physician subspecialty
services and recently expanded to include anesthesiology services.
Pediatrix physicians and advanced practitioners are reshaping the
delivery of care within the maternal-fetal, neonatal intensive care
and pediatric cardiology subspecialties, using evidence-based
tools, continuous quality initiatives and clinical research to
enhance patient outcomes and provide high-quality, cost-effective
care. Founded in 1979, its neonatal physicians provide services at
more than 250 neonatal intensive care units, and in many markets
they collaborate with affiliated maternal-fetal medicine, pediatric
cardiology physician subspecialists and pediatric intensivists to
provide a clinical care continuum. Combined, Pediatrix and its
affiliated professional corporations employ more than 1,100
physicians in 32 states and Puerto Rico. Pediatrix is also the
nation�s largest provider of newborn hearing screens. Additional
information is available at www.pediatrix.com. Certain statements
and information in this press release may be deemed to be
�forward-looking statements� within the meaning of the Federal
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may include, but are not limited to, statements relating
to our objectives, plans and strategies, and all statements (other
than statements of historical facts) that address activities,
events or developments that we intend, expect, project, believe or
anticipate will or may occur in the future are forward-looking
statements. These statements are often characterized by terminology
such as �believe�, �hope�, �may�, �anticipate�, �should�, �intend�,
�plan�, �will�, �expect�, �estimate�, �project�, �positioned�,
�strategy� and similar expressions, and are based on assumptions
and assessments made by Pediatrix�s management in light of their
experience and their perception of historical trends, current
conditions, expected future developments and other factors they
believe to be appropriate. Any forward-looking statements in this
press release are made as of the date hereof, and Pediatrix
undertakes no duty to update or revise any such statements, whether
as a result of new information, future events or otherwise.
Forward-looking statements are not guarantees of future performance
and are subject to risks and uncertainties. Important factors that
could cause actual results, developments, and business decisions to
differ materially from forward-looking statements are described in
Pediatrix�s most recent Annual Report on Form 10-K, including the
section entitled �Risk Factors�.
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