Pediatrix Medical Group

Pediatrix Medical Group

Provides obstetrics, maternal-fetal, neonatology physician services

Overview

Pediatrix Medical Group provides physician services in obstetrics, maternal-fetal medicine, and neonatology through a large network of affiliated clinicians who work in hospitals and office-based practices. Care is delivered by coordinated teams across the continuum of care for women, babies, and children, supported by research, education, quality-improvement, and safety programs. The company partners with hospitals and health systems to optimize clinical, financial, and operational performance using advanced clinical tools, data, and training to improve care quality and patient experience while reducing costs. Compared with competitors, it stands out as physician-led with about 4,400 affiliated clinicians and a strong emphasis on integrated, evidence-based care, research, and continuous quality and safety initiatives. The goal is to improve patient outcomes and the total patient experience while lowering health-care costs through coordinated, high-quality care.

About Pediatrix Medical Group

Simplify's Rating
Why Pediatrix Medical Group is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Healthcare

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Sunrise, Florida

Founded

1997

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Simplify's Take

What believers are saying

  • Q2 2026 adjusted EBITDA reached $76 million; management reaffirmed $280 million to $300 million.
  • Commercial payer mix improved 135 basis points, lifting pricing and collections in Q2 2026.
  • Pediatrix repurchased 2 million shares in Q2 and keeps buying while acquisitions remain accretive.

What critics are saying

  • Same-unit patient volumes fell 2% in Q2 2026; NICU days dropped 3%.
  • February 2027 debt maturity forces refinancing while buybacks continue draining flexibility.
  • Hospital partners and payers can compress rates and break the neonatology-driven revenue model.

What makes Pediatrix Medical Group unique

  • Pediatrix owns 360 NICUs across 32 states, anchored in high-acuity newborn care.
  • Mark Ordan is building tele-hybrid specialty care beyond maternal-fetal medicine into pediatrics.
  • The Tennessee Maternal-Fetal Medicine acquisition deepens a nationally scaled women’s-health footprint.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

401(k) Retirement Plan

Employee Stock Purchase Program

Stock Options

Family Planning Benefits

Fertility Treatment Support

Conference Attendance Budget

Professional Development Budget

Wellness Program

Mental Health Support

Gym Membership

Phone/Internet Stipend

Home Office Stipend

Paid Vacation

Paid Holidays

PTO

Company News

MarketBeat
Aug 5th, 2026
Pediatrix Medical Group Q2 earnings call highlights.

Pediatrix Medical Group Q2 earnings call highlights. August 5, 2026 Key points. * Pediatrix reported Q2 adjusted EBITDA of $76 million and reaffirmed its full-year outlook of $280 million to $300 million. Revenue rose 4%, supported by acquisitions, stronger revenue-cycle collections, favorable payer mix and higher patient acuity despite lower service volumes. * Patient-service volumes declined 2%, including a 3% drop in NICU days, while management expects full-year volumes to be flat to slightly down. Operating cash flow fell to $126 million, but leverage remained low at just over one times projected EBITDA. * Pediatrix repurchased nearly 2 million shares during the quarter and plans to continue buybacks while evaluating acquisitions, partnerships and joint ventures in women's and children's healthcare. The company also plans to expand tele-hybrid care beyond maternal-fetal medicine into additional pediatric specialties. * Five stocks to consider instead of Pediatrix Medical Group. Pediatrix Medical Group NYSE: MD reported second-quarter 2026 adjusted EBITDA of $76 million and reaffirmed its full-year adjusted EBITDA outlook of $280 million to $300 million, as stronger revenue-cycle-management collections, payer mix and patient acuity offset lower patient-service volumes. Chief Executive Officer Mark Ordan said quarterly results were in line with the company's expectations. Same-unit revenue benefited from collections performance and continued increases in acuity, particularly in neonatology, while neonatal intensive care unit days declined 3%. "While we did see modestly lower volumes, primarily in neonatology," Ordan said, "our overall results for the quarter were in line with our expectations." Revenue growth driven by pricing and acquisitions. Chief Financial Officer Kasandra Rossi said consolidated revenue increased 4% from the prior-year period. Growth was driven by non-same-unit activity, primarily recent acquisitions, as well as 2% same-unit revenue growth. Same-unit pricing rose 4%, supported primarily by revenue-cycle-management, or RCM, cash collections. Favorable payer mix and increased patient acuity were also contributors. Rossi said those three factors accounted for about 95% of the quarter's pricing improvement, with RCM collections the largest contributor and payer mix a close second. Payer mix improved by 135 basis points from the second quarter of 2025 and by 120 basis points from the first quarter of 2026. Ordan said the company has not experienced the insurance-coverage pressure reported by some other healthcare companies, though he said Pediatrix does not consider itself immune to potential future changes. He said the company believes pregnancy may support insurance retention because coverage has greater relative value for expectant patients. "There has been absolutely no sign of a change to date at Pediatrix," Ordan said. Same-unit patient-service volumes declined 2%, driven by hospital-based services and primarily neonatology. Management characterized the comparison with the prior-year quarter as difficult and said it expects full-year volumes to be flat to slightly down. Ordan added that the quarterly volume change was generally consistent with historical seasonal patterns. Margins, cash flow and balance sheet. Practice-level salaries, wages and benefits expenses increased year over year, reflecting higher salary and malpractice expense. Rossi said salary increases have remained within a relatively tight range and that the company expects salary growth of roughly 3% to 3.5%, compared with historical mid-single-digit increases. Discover more Stocks & Bonds Market Cap Calculator General and administrative expense increased year over year, primarily due to executive transition-related compensation costs. Rossi said the company expects 2026 G&A expense to be in the $230 million to $240 million range, likely toward the higher end, and described much of the transition-related increase as "one-time-ish." She said the second quarter in particular included an increase in those costs. The company reported other non-operating expense of $2.9 million, down from $4.9 million a year earlier, reflecting lower interest expense from modestly lower rates and borrowings, as well as higher interest income from larger cash balances. Pediatrix generated $126 million in operating cash flow during the second quarter, compared with $138 million in the prior-year quarter. Rossi attributed the decline to changes in cash flow from accounts payable and accrued expenses and accounts receivable. At June 30, the company had $289 million in cash and $584 million in total debt. Net debt was just over $295 million, and leverage stood at just above one times the midpoint of the company's 2026 adjusted EBITDA outlook, according to management. Accounts receivable days sales outstanding were 42.5 days, largely unchanged from the end of the first quarter and year-end 2025, but down by nearly four days from a year earlier because of improved collections at existing units. Capital allocation and growth plans. During the quarter, Pediatrix repurchased just under 2 million shares. Since August 2025, the company has bought back 7 million shares, reducing shares outstanding to 81 million from 87 million at the end of the second quarter of 2025. Ordan said the company intends to continue repurchasing shares unless it identifies opportunities that make stronger operating and financial sense. He said Pediatrix is actively evaluating growth opportunities in women's and children's healthcare, including potential joint ventures and partnerships with outside capital investors for larger opportunities. Management said all prior dispositions are now complete. Ordan said the company sees acquisition opportunities at what it views as fair pricing and is seeking transactions that fit strategically within women's and children's medicine. Tele-Hybrid care expansion. Ordan also highlighted Pediatrix's plans to expand tele-hybrid services, combining telemedicine with in-person clinical care. The company has more than 170 maternal-fetal medicine physicians and provides services across more than 360 NICUs in 32 states, according to Ordan. He said the company believes telemedicine is most effective when it is linked to physical patient visits, particularly in areas with limited access to specialty care. Pediatrix sees potential applications beyond maternal-fetal medicine, including retinopathy, neurology, infectious disease and neonatology. For the second half of 2026, Rossi said adjusted EBITDA is expected to be relatively evenly distributed between the third and fourth quarters. While the company expects the benefit from RCM collection improvements to begin dissipating in the second half, management said it expects patient acuity to remain a positive contributor to pricing. About Pediatrix Medical Group (NYSE:MD). Pediatrix Medical Group, Inc NYSE: MD is a national physician-led medical group specializing in high-acuity newborn, maternal-fetal and pediatric subspecialty care. Headquartered in Sunrise, Florida, the company delivers clinical services through hospital-based physician staffing, advanced practitioner support and telemedicine programs. Its core specialties include neonatology, maternal-fetal medicine, pediatric cardiology, pediatric critical care, pediatric emergency medicine and anesthesiology. Founded in 1979 and formerly known as MEDNAX, the company rebranded as Pediatrix Medical Group in 2022 to align its corporate identity with its primary clinical offerings. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Pediatrix Medical Group, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pediatrix Medical Group wasn't on the list. While Pediatrix Medical Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.

Yahoo Finance
Apr 4th, 2026
Pediatrix acquires Tennessee Maternal-Fetal Medicine in earnings-accretive cash deal, adding 10 specialists across five locations

Pediatrix Medical Group has acquired Tennessee Maternal-Fetal Medicine in a cash deal, expanding its presence in Middle Tennessee. The practice, now rebranded as Maternal-Fetal Medicine Specialists of Tennessee, operates across five locations and adds four board-certified physicians and six advanced practice providers. The company expects the acquisition to be immediately accretive to earnings whilst deepening its high-acuity maternal-fetal medicine capabilities. The move aligns with Pediatrix's recent appointment of James Barry as chief clinical quality and transformation officer, potentially strengthening its value proposition in contract negotiations. However, the expansion does not eliminate core risks around hospital partner and payer resistance to higher fees. Consensus forecasts project $2.1 billion revenue and $171.4 million earnings by 2029, though some analysts remain cautious about reimbursement pressures.

Pulse 2.0
Mar 28th, 2026
Pediatrix Medical Group Expands Maternal Health Services With Tennessee Maternal-Fetal Medicine Acquisition

Pediatrix Medical Group announced it has expanded its maternal health services footprint through a partnership and acquisition of Tennessee Maternal-Fetal Medicine, strengthening its presence in Middle Tennessee and the Greater Nashville area.

HealthTech HotSpot
Mar 26th, 2026
Pediatrix expands maternal health services in Tennessee in partnership with Tennessee Maternal-Fetal Medicine.

Pediatrix expands maternal health services in Tennessee in partnership with Tennessee Maternal-Fetal Medicine. Maternal-Fetal Medicine Specialists of Tennessee Provides Vital Care for Greater Nashville Area FORT LAUDERDALE, Fla.-(BUSINESS WIRE)-$MD-Pediatrix(R) Medical Group, Inc. (NYSE: MD), a leading provider of physician services, today announced its expansion in Middle Tennessee through a partnership with Tennessee Maternal-Fetal Medicine, further advancing its commitment to delivering high-quality maternal-fetal care. The practice will continue to serve patients at five locations throughout the Greater Nashville area as Maternal-Fetal Medicine Specialists of Tennessee under the Pediatrix Medical Group banner. "We are pleased to welcome Tennessee Maternal-Fetal Medicine to the Pediatrix family," said Mark Ordan, Chief Executive Officer and Chair of the Board. "This new partnership bolsters our nationally leading maternal-fetal medicine specialty services and ensures that patients in Middle Tennessee have access to exceptional care during pregnancy. Further, this practice has built a national reputation as thought leaders in maternal-fetal medicine, which can now be applied to the nation's largest footprint in this sector." The practice includes four board-certified physicians complemented by six advanced practice providers, offering comprehensive maternal-fetal medicine (MFM) services to expectant mothers across the region. With this addition, Pediatrix strengthens its presence and ability to meet the growing needs of communities in Middle Tennessee. "We joined Pediatrix in order to have a larger footprint to improve quality and outcomes in MFM care, not just in Tennessee, but throughout the United States," said Connie Graves, M.D., practice leader and noted researcher. This expansion highlights Pediatrix's ongoing commitment to advancing maternal-fetal medicine and improving access to specialized care for families in the Greater Nashville area. The partnership brings together renowned expertise and innovative approaches, helping address critical challenges in maternal health across the region. This was a cash transaction, and it is expected to be immediately accretive to Pediatrix's earnings. No additional terms of the transaction were disclosed. About Pediatrix Medical Group Pediatrix(R) Medical Group, Inc. (NYSE:MD) is a leading provider of physician services. Pediatrix-affiliated clinicians are committed to providing coordinated, compassionate and clinically excellent services to women, babies and children across the continuum of care, both in hospital settings and office-based practices. Specialties include obstetrics, maternal-fetal medicine and neonatology complemented by multiple pediatric subspecialties. The group's high-quality, evidence-based care is bolstered by significant investments in research, education, quality-improvement and safety initiatives. The physician-led company was founded in 1979 as a single neonatology practice and today provides its highly specialized and often critical care services through approximately 4,300 affiliated physicians and other clinicians. To learn more about Pediatrix, visit www.pediatrix.com or follow HealthTech HotSpot LLC on Facebook, Instagram, LinkedIn and the Pediatrix blog. Investment information can be found at www.pediatrix.com/investors. Certain statements and information in this press release may be deemed to contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may include, but are not limited to, statements relating to the Company's objectives, plans and strategies, whether this transaction will be accretive to the Company's earnings, and all statements, other than statements of historical facts, that address activities, events or developments that HealthTech HotSpot LLC intend, expect, project, believe or anticipate will or may occur in the future. 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 the Company'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 the Company 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 the Company's most recent Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q, including the sections entitled "Risk Factors", as well the Company's current reports on Form 8-K, filed with the Securities and Exchange Commission, and include the following: the impact of the Company's practice portfolio management plans; the effects of economic conditions on the Company's business; the effects of government regulation and healthcare reform; the Company's relationships with government-sponsored or funded healthcare programs and with managed care organizations and commercial health insurance payors; the impact of state budgetary constraints and uncertainty over the future of Medicaid; the impact of surprise billing legislation; the Company's transition to a hybrid revenue cycle management model; the timing and contribution of future acquisitions or organic growth initiatives; the Company's ability to comply with the terms of debt financing arrangements; and the effects of the Company's transformation initiatives, including its renewed focus, and growth strategy for, the Company's hospital-based and maternal fetal businesses. For media inquiries or more information, please contact Pediatrix Communications at [email protected]. March 27th, 2026 March 26th, 2026

Business Wire
Mar 24th, 2026
Pediatrix welcomes two nationally renowned physician leaders.

Pediatrix welcomes two nationally renowned physician leaders. Dr. James Barry, who will join as Chief Clinical Quality & Transformation Officer, and Dr. Jochen Profit, who will serve as Chief Quality Advisor, bring extraordinary reputations as care quality experts FORT LAUDERDALE, Fla.-(BUSINESS WIRE)-Pediatrix(R) Medical Group, Inc. (NYSE: MD), a leading provider of physician services, is pleased to announce that James Barry, M.D., MBA, will soon join the organization as Chief Clinical Quality & Transformation Officer. Jochen Profit, M.D., MPH, will join Dr. Barry as Chief Quality Advisor. "We are thrilled to welcome two nationally renowned physician leaders to Pediatrix and Obstetrix," said Mark Ordan, Chair of the Board and CEO. "Quality care is at the heart of everything that we do as a leading provider of care for women, babies and children. Drs. Barry and Profit's enormous experience and expertise will help us continue to advance both clinical knowledge and practice for the entire field." As Chief Clinical Quality & Transformation Officer, Dr. Barry will be responsible for shaping the medical direction of the organization and ensuring the highest standards of patient care. This includes overseeing the work of the Pediatrix Center for Research, Education, Quality and Safety (CREQS), which participates in clinical research, education and continuous quality improvement and safety initiatives at the local and national level to improve outcomes, enhance the patient experience, improve provider satisfaction and reduce health care costs. "At a time when medical knowledge continues to grow exponentially and technology is reshaping care, Dr. Barry's proven track record as a strategist and innovator will be an incredible asset to our organization and our patients as we move forward," said Ordan. A neonatologist recognized for his contributions in neonatal critical care, artificial intelligence in medicine, patient safety and health care leadership, Dr. Barry's work has focused on delivering measurable, durable improvement in complex health care systems. He has co-founded two national organizations: NeoMINDAI, a learning collaborative for neonatologists, data scientists and clinical informaticists interested in studying and evaluating the application of artificial intelligence in neonatal critical care and pediatric medicine, and the Clinical Leader's Group of the American Academy of Pediatrics, which is a training, education and collaboration resource for medical and quality directors of neonatal intensive care units (NICUs) in the United States. Dr. Barry joins Pediatrix from the University of Colorado Health System, where he was the long-standing Medical Director of a level III NICU and chair of newborn governance across 14 hospitals, as well as a professor of pediatrics-neonatology at the University of Colorado Anschutz School of Medicine. "I am honored to be joining Pediatrix," said Dr. Barry. "While our organization is built on a foundation of incredible clinical excellence and unmatched scale, I believe our true strength lies in our collective intelligence. By combining our clinical heart and genuine curiosity with transformative strategy, we will ensure that evidence-based approaches are more accessible and effective across all our clinical sites." Dr. Profit is a noted health care researcher with more than 20 years of experience in pediatrics and neonatal-perinatal medicine. As Chief Quality Advisor, he will provide expert medical guidance to the company's affiliated clinical leaders and CREQS. His research has primarily focused on the optimization of care delivery to pregnant people and sick newborns and included health system design, care culture and provider well-being, health equity and family-centered care. Dr. Profit serves as Chair and Co-Principal Investigator at the California Perinatal Quality Care Collaborative, Co-Chair and Co-Principal Investigator at the California Maternal Quality Care Collaborative and is the Wendy J. Tomlin-Hess Endowed Professor of Pediatrics at Stanford Medicine. He is a board member of the California Association of Neonatologists and has served in a variety of roles for the National Institutes of Health, the National Academies for Science, Engineering and Medicine, the Vermont Oxford Network and the American Academy of Pediatrics. "Dr. Profit is widely recognized as among the foremost thought leaders in our field, and we are excited that he is bringing his talents to Pediatrix, where his unyielding focus on improving quality and patient safety will have a national impact," said Ordan. About Pediatrix Medical Group Pediatrix(R) Medical Group, Inc. (NYSE:MD) is a leading provider of physician services. Pediatrix-affiliated clinicians are committed to providing coordinated, compassionate and clinically excellent services to women, babies and children across the continuum of care, both in hospital settings and office-based practices. Specialties include obstetrics, maternal-fetal medicine and neonatology complemented by multiple pediatric subspecialties. The group's high-quality, evidence-based care is bolstered by significant investments in research, education, quality-improvement and safety initiatives. The physician-led company was founded in 1979 as a single neonatology practice and today provides its highly specialized and often critical care services through approximately 4,300 affiliated physicians and other clinicians. To learn more about Pediatrix, visit www.pediatrix.com or follow us on Facebook, Instagram, LinkedIn and the Pediatrix blog. Investment information can be found at www.pediatrix.com/investors. Contacts. For media inquiries or more information, please contact Pediatrix Communications at [email protected]. More News From Pediatrix Medical Group, Inc. FORT LAUDERDALE, Fla.-( BUSINESS WIRE )-Pediatrix Medical Group Announces 47th Annual NEO: The Conference for Neonatology... FORT LAUDERDALE, Fla.-( BUSINESS WIRE )-Pediatrix Medical Group Reports Fourth Quarter Results... FORT LAUDERDALE, Fla.-( BUSINESS WIRE )-Pediatrix Medical Group 2025 Fourth Quarter Conference Call/Webcast Scheduled for Thursday, February 19, 2026... Headquarters: Sunrise, Florida CEO: James Swift, MD Employees: 7,400 Organization: PUB Revenues: $1,911,191,000 (2019) Net Income: $130,964,000 (2019) Release Summary Release Versions For media inquiries or more information, please contact Pediatrix Communications at [email protected].

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