Pediatrix Acquires El Paso Pediatric Cardiology Practice
April 02 2008 - 7:00AM
Business Wire
Pediatrix Medical Group, Inc. (NYSE:PDX) today announced that it
has completed the acquisition of Children�s Heart Center, a
pediatric cardiology physician practice based in El Paso, Texas.
Children�s Heart Center was founded in 1999 by John S. Plowden,
M.D., who provides outpatient pediatric cardiology services from a
single office location and also treats patients at five El
Paso-area hospitals. He joined Pediatrix to help his practice
enhance patient services within the metropolitan area. �Pediatrix
offers a significant opportunity to improve the quality of care,
which is the ability to have a partner to expand the availability
of pediatric cardiology services within our community,� said Dr.
Plowden. �Pediatrix offers a different path from the small group
practice, one that makes it easier for physicians to concentrate on
patient care.� Pediatrix�s national group of pediatric
cardiologists now provides patient services in 14 metropolitan
areas across the country. Pediatrix completed the El Paso
acquisition for cash, and the practice is expected to contribute
immediately to earnings per share. 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 240 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 1,050
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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