Pediatrix Expects Name Change to MEDNAX, Inc., to Be Completed by Year-End
29 December 2008 - 11:00PM
Business Wire
Pediatrix Medical Group, Inc. (NYSE: PDX), expects that its
previously announced name change to MEDNAX, Inc., will be completed
by December 31, 2008. Each share of Pediatrix will become a share
of MEDNAX, and will trade on the New York Stock Exchange under the
ticker symbol �MD,� when the U.S. securities markets open January
2, 2009. MEDNAX is being organized as a holding company whose
principal subsidiaries will be Pediatrix Medical Group and American
Anesthesiology. Pediatrix encompasses the Company�s historic
physician services in the neonatal, maternal-fetal, pediatric
cardiology and pediatric intensive care subspecialties, as well as
the Company�s newborn hearing screen program. American
Anesthesiology, which was formed in 2007, includes anesthesia
practices in northern Virginia, Atlanta, Georgia, and Raleigh,
North Carolina. 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 1,200 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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