Pediatrix Medical Group(NYSE) MD

Pediatrix Medical Group cares for sick newborns and pregnant women. It manages hospital units for infants with medical complications. The company also treats children with heart and surgical needs.

Core Specialist Medical Services

• Neonatal Care: Clinical services for premature or critically ill infants in hospital neonatal intensive care units (NICUs).
• Maternal-Fetal Medicine: Specialist care for mothers and babies during high-risk or medically complicated pregnancies.
• Pediatric Cardiology: Heart condition treatments for patients ranging from fetal development stages through adulthood.
• Subspecialty Services: Physician expertise for pediatric intensive care, surgery, and ophthalmology departments.

Expanding the Clinical Footprint

• Acquired several medical practices that contributed to revenue growth during the first half of 2026.
• Renamed the business from MEDNAX in July 2022 to emphasize its focus on maternal and pediatric care.
• Transitioned to a hybrid revenue cycle management model to improve billing and collection efficiency.
• Refinanced credit facilities in February 2022 to include a $450.0 million revolving line of credit.

Operating a National Care Network

Pediatrix coordinates a network of approximately 2,700 physicians across 37 states and Puerto Rico as of February 2022. The group serves as a primary clinical partner for hospitals by providing specialized neonatal and maternal-fetal medical teams.

Performance by the Numbers

• Net revenue was $487.8 million for the three months ended June 30, 2026, up 4.0% year over year.
• Adjusted EBITDA hit $134.6 million for the six-month period ended June 30, 2026, up from $122.4 million in the prior year period.
• Net income reached $69.4 million for the first half of 2026, up from $60.0 million in the same period of 2025.
• Days sales outstanding, a measure of payment collection speed, dropped to 42.5 days by June 30, 2026.
• Market capitalization reached $2.1 billion in the second quarter of 2026, up 66.7% year over year.

Evolution Into Specialty Care

Pediatrix has transitioned into a focused provider of specialized maternal and pediatric healthcare services. Its national clinician network and focus on high-acuity hospital care support its long-term operational stability.