Pediatrix Acquires South Florida Pediatric Cardiology Practice
April 11 2008 - 7:00AM
Business Wire
Pediatrix Medical Group, Inc., (NYSE:PDX) today announced that it
has completed the acquisition of a pediatric cardiology practice
based in Pembroke Pines, Florida, that serves patients in
communities in northwest Miami-Dade and western Broward counties.
The practice was founded in 2002 by Raul Aguirre, M.D., who has
more than 12 years� experience practicing pediatric cardiology in
South Florida. Dr. Aguirre�s practice provides a range of
cardiology services to pediatric patients. The practice also has a
thriving referral base from obstetricians and maternal-fetal
medicine specialists for fetal echocardiography services. �The more
we know about congenital heart defects, the greater the need for
fetal echocardiography services,� said Raul Aguirre, M.D. �As part
of Pediatrix, I believe we have an excellent opportunity to build a
recognized program for patients in our communities.� Pediatrix paid
cash for the practice, which 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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