Pediatrix Medical Group, Inc. (NYSE:PDX) has completed the acquisition
of Maternal-Fetal Group, PLLC, a physician group practice based in
Nashville, Tennessee, that provides patient care for women with
high-risk and complicated pregnancies. The group will practice as part
of Obstetrix Medical Group, a maternal-fetal medicine national medical
group that is part of Pediatrix.
Maternal-Fetal Group consists of three physicians who provide patient
care at three offices in the Nashville metropolitan area. The practice
also has agreements to support referring obstetrical practices by
providing mobile ultrasound services at approximately 20 sites
throughout the metropolitan area. In addition to the physicians,
Maternal-Fetal Group also includes more than 40 clinical and
administrative staff members.
Maternal-Fetal Group has participated in extensive research to identify
causes of premature labor, including an understanding of infections
associated with prenatal care, under the direction of Stephen J.
Fortunato, M.D.
“Joining with a national group of
maternal-fetal physicians gives us the ability to take our practice to a
different level,” said Salvatore J. Lombardi,
M.D., who was one of Maternal-Fetal Group’s
founding physicians and will serve as Medical Director of Obstetrix in
Nashville. “The value added for our
subspecialty is the ability to support community-based obstetricians
with prenatal diagnosis of fetal and maternal problems. We expect that
our ability to collaborate with Obstetrix physicians across the country
to accelerate research and conduct clinical quality initiatives will
lead to improved outcomes for pregnant women in our community.”
Pediatrix paid cash for Maternal-Fetal Group, and the practice is
expected to contribute to the Company’s
earnings immediately. Additional terms of the transaction were not
disclosed.
Investor conference call
Pediatrix Medical Group, Inc. will host an investor conference call to
discuss the Nashville acquisition, as well as other corporate
developments, at 10 a.m. (EDT) today. The conference call Webcast may be
accessed from the Company’s Website, www.pediatrix.com.
A telephone replay of the conference call will be available from noon
(EDT) today through midnight (EDT) October 15, 2008, by dialing
800-475-6701, access code 963245. The replay will also be available at www.pediatrix.com.
About Pediatrix
Pediatrix Medical Group, Inc.
