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Article: Pediatrix Acquires Louisiana Neonatal Practice.
- Article from:
- Business Wire
- Article date:
- November 4, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FORT LAUDERDALE, Fla. -- Pediatrix Medical Group, Inc. (NYSE: PDX) today announced that it has completed the acquisition of a neonatal physician practice based in Hammond, Louisiana.
The practice staffs the Level III neonatal intensive care unit (NICU) at North Oaks Medical Center, which has annual patient volume in excess of 3,500 patient days.
Pediatrix paid cash for the practice and expects that it will contribute to the Company's earnings immediately. No additional terms were disclosed.
During 2008, Pediatrix has completed 12 physician group practice acquisitions, including four neonatal groups, three maternal-fetal medicine group ...