Headquartered in Sunrise, FL, Pediatrix Medical Group, Inc. changed its corporate name from Mednax, effective Jul 1, 2022, to improve brand awareness. It continues trading under its current ticker symbol, MD.

It was incorporated in Florida in 2007. Originally, Pediatrix Medical was founded in Florida in 1979 and later adopted the name Mednax. The company provides newborn, maternal-fetal, radiology, pediatric cardiology and other pediatric subspecialties physician services in the United States and Puerto Rico. It also offers neonatal care services such as clinical care to babies born prematurely or with complications within specific units at hospitals through neonatal physician subspecialists, neonatal nurse practitioners and other pediatric clinicians, etc.

MD has around 2,620 affiliated physicians and clinicians practicing in 37 states as of Dec 31, 2023. Many of these physicians deliver neonatal clinical care, primarily within hospital-based neonatal intensive care units to babies born prematurely or with medical complications. The company has over 580 affiliated physicians who provide maternal-fetal and obstetrical medical care to expectant mothers with complicated pregnancies. Its network also includes other pediatric subspecialists, including over 230 physicians providing pediatric intensive care, 90 physicians providing pediatric cardiology care, etc.

Its perioperative consulting company also has a team of anesthesiologists, operating room nurse executives and perioperative business strategists, who develop and provide solutions to boost the performance, resources and capacity within hospital operating rooms and across the care continuum. The range of services includes strategic assessments and transformations, central sterile redesign, physician engagement and governance plus workforce support.

MD generates the majority of its revenues (86% of net revenues in 2023) by providing physician services for hospital-based units and other hospital settings. It also earns by charging hospitals, administrative fees (13.8%). This fee is charged for administrative services provided by MD’s affiliated physicians or when the hospital does not generate sufficient patient volume. Other revenues accounted for 0.2% of total revenues in 2023.