Pediatrix Medical Group

What Pediatrix Medical Group does

Pediatrix Medical Group is one of the largest U.S. providers of specialized physician services for women, babies, and children, operating in 37 states through partnerships with nearly 400 hospitals and a network of more than 4,300 affiliated clinicians. The company delivers prenatal care (including maternal-fetal medicine, OB hospital medicine, and obstetrics/gynecology), neonatal intensive care, and a broad pediatric subspecialty suite spanning critical care, emergency medicine, hospital medicine, neurology, newborn hearing screening, newborn nursery, and surgery. Founded in 1979 by Roger Medel, M.D. and previously known as MEDNAX, Inc. (rebranded in 2022), the company is publicly traded on the NYSE under ticker MD, with its legal entity PDX Services, Inc. domiciled in Florida and headquartered in Sunrise, FL. Institutional investors hold approximately 97.71% of shares.

The company's service platform is supported by a proprietary Clinical Data Warehouse aggregating patient data across the network and enabling multicenter clinical research (most recently a study of over 10,000 extremely preterm infants on probiotic use and NEC, published in the Journal of Perinatology in June 2026), as well as the Center for Research, Education, Quality and Safety (CREQS). Its product surface also includes telehealth offerings (TeleMFM, TeleNICU, TeleROP, TeleNeurology) that extend specialist coverage to partner hospitals. No AI/ML capability is disclosed beyond data-warehouse analytics supporting clinical research and quality initiatives.

Pediatrix generates revenue through contracted physician services delivered on-site at partner hospitals, with a stated strategic shift toward hospital-based services projected to account for ~80% of revenue. The go-to-market motion is enterprise field sales: acquiring physician practices (e.g., the March 2026 Tennessee Maternal-Fetal Medicine cash acquisition, adding five Nashville-area locations and ten providers) and contracting directly with hospital systems. Q1 2026 revenue was $476.2 million (+3.9% YoY) and full-year 2025 revenue was approximately $1.91 billion, with record FY 2025 adjusted EBITDA of $276 million and a net income turnaround to $165.4 million from a $99.1 million loss in 2024. Growth is driven primarily by pricing/mix (~4%) and slightly negative volume (~-1%).

Name

Pediatrix Medical Group

Legal name

PDX Services, Inc.

Website

https://pediatrix.com

Company type

Public

Founded year

1979

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Pediatrix Medical Group is one of the largest U.S. providers of specialized physician services for women, babies, and children, operating in 37 states through partnerships with nearly 400 hospitals and a network of more than 4,300 affiliated clinicians.

Ownership category

akta.pro rank

Product category

Specialty Physician Services

NAICS

Offices of Physicians (except Mental Health Specialists) (621111), Health Care and Social Assistance (62)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-Health Services (8000), Services-Specialty Outpatient Facilities, Nec (8093)

akta.pro primary industry

General Obstetrics (Prenatal/Antepartum Care) (HLAKAJAA)

akta.pro secondary industries

Labor & Delivery / Obstetric Hospitalist (OB Hospitalist) Services (HLAKAJAK), Obstetrics & Gynecology (OB/GYN) Clinics (HLAFAJAA), Postpartum & Newborn Care Telehealth (postpartum check-ins, newborn guidance) (HLALAHAD), Lactation, Postpartum & Perinatal Support Services (HLAFAJAN)

Keywords

• Neonatal physician services
• Maternal-fetal medicine
• Pediatric specialty care
• Hospital physician staffing
• Neonatal intensive care

Headquarters

HQ city

Sunrise

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Physician Services Revenue: Pediatrix Medical Group generates revenue through providing physician services including neonatal intensive care, maternal-fetal medicine, pediatric subspecialty care, and OB hospitalist services. Revenue is generated from hospital partnerships and practice-based services, with Q1 2026 revenue of $476.2 million (up 3.9% year-over-year). Pricing growth of approximately 4% driven by favorable payer mix and increased patient acuity, though volume declined approximately 1% across service lines.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Pediatrix Medical Group provides specialized physician services for women, babies, and children, including prenatal care (maternal-fetal medicine, OB hospital medicine, obstetrics and gynecology), neonatal intensive care, and pediatric specialty care (critical care, emergency medicine, neurology, surgery, newborn hearing screening). Services are delivered on-site at nearly 400 hospital partners across 37 states by 4,300+ affiliated clinicians, supplemented by telehealth offerings.

Product overview

Pediatrix Medical Group is one of the nation's largest providers of prenatal, neonatal and pediatric physician services, operating in 37 states and partnering with nearly 400 hospitals with over 4,300 affiliated clinicians. The company offers a portfolio of core healthcare services including Prenatal Care (maternal-fetal medicine, OB hospital medicine, obstetrics and gynecology), Neonatal Intensive Care, and Pediatric Specialty Care (critical care, emergency medicine, hospital medicine, neurology, surgery). The company provides specialized telehealth offerings including TeleMFM, TeleNICU, TeleROP, and TeleNeurology. Founded in 1979 and rebranded from MEDNAX in 2022, the company supports its clinical network through a proprietary Clinical Data Warehouse and its Center for Research, Education, Quality and Safety (CREQS).

Differentiator

Problem solved

Functional benefit

Brands

• BabySteps: Research, education, quality and safety initiative platform
• Soundata
• NEO Conference
• Center for Research, Education, Quality and Safety (CREQS)

Products and services

• Prenatal Care Services Comprehensive prenatal care services including maternal-fetal medicine, OB hospital medicine, and obstetrics and gynecology services for women's health, pregnancy, and high-risk pregnancy management, delivered to hospital partners.
• Neonatal Intensive Care Expert neonatal intensive care services for newborn babies, including NICU coverage and specialized care for premature and critically ill infants, delivered on-site at hospital partners.
• Pediatric Specialty Care Pediatric specialty services including critical care medicine, emergency medicine, hospital medicine, neurology, newborn hearing screening, newborn nursery, plastic and reconstructive surgery, and surgery for children in hospital settings.
• TeleMFM Telehealth service for maternal-fetal medicine providing remote consultation and monitoring capabilities for high-risk pregnancies to hospitals that lack on-site MFM specialists.
• TeleNICU Telehealth service for neonatal intensive care units enabling remote neonatology consultations and support to hospitals.
• TeleROP Telehealth service for retinopathy of prematurity screening and consultation.
• TeleNeurology Telehealth service for pediatric neurology providing remote neurology consultations to hospitals.
• Newborn Hearing Screening (Soundata) Newborn hearing screening program providing audiology screening services to hospital partners for newborn patients.

Quantifiable outcome

• NEC rates increased in hospitals that reduced probiotic use after FDA's 2023 warning actions, based on study of over 10,000 extremely preterm infants
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Tennessee Maternal-Fetal MedicinecoreStrategic or Co-development Partner · 26 March 2026Pediatrix Medical Group partnered with Tennessee Maternal-Fetal Medicine, a high-risk pregnancy specialist group operating five locations in the Greater Nashville region, through a cash transaction. The acquired practice was renamed Maternal-Fetal Medicine Specialists of Tennessee and joined the Pediatrix network, bringing four board-certified physicians and six additional providers. The acquisition is expected to have an immediate positive impact on financial results, strengthening maternal healthcare presence in Tennessee.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Sound Physicians: Hospital medicine and acute-care physician services company staffing hospital programs nationally, a direct analog to Pediatrix's hospital-based specialty staffing.
• US Acute Care Solutions: Physician-owned group providing hospital-based emergency and specialty physician services under enterprise hospital contracts, comparable to Pediatrix's model.
• TeamHealth: National hospital-based physician staffing and services organization that contracts clinicians to hospitals, directly overlapping Pediatrix's hospital-partner staffing model.
• US Anesthesia Partners: Large single-specialty physician group serving hospitals and surgery centers, similar consolidation-driven hospital-based staffing model.
• Envision Healthcare: Provides outsourced physician services (including anesthesia, emergency and neonatology) to hospitals under a contracting model closely mirroring Pediatrix's.

Emerging players

• Aveanna Healthcare: Pediatric-focused home health and care provider, overlapping Pediatrix's pediatric patient population but via home-based rather than hospital-based delivery.

Broad incumbents

• Surgery Partners: Operates surgical facilities and physician practices across specialties; overlaps in outpatient/surgical physician services and roll-up growth strategy.
• Privia Health: National physician enablement and medical group platform aggregating practices, comparable in scaling affiliated-physician networks though broader in specialty mix.

Others

• Progyny: Women's and family-building benefits company cited alongside Pediatrix as a women's-health peer, though it operates a benefits-management rather than physician-services model.
• Cross Country Healthcare: Healthcare staffing firm supplying clinicians to hospitals; adjacent to Pediatrix as an alternative source of hospital physician and clinical coverage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@pediatrixmedicalgroup
• Facebookfacebook.com/pediatrix
• LinkedInlinkedin.com/company/pediatrix
• Instagraminstagram.com/pediatrixmed
• Xx.com/pediatrixmedgrp

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pediatrix Medical Group