Pediatrix Medical Group Inc
pediatrix.comWhat Do They Do?
Provides newborn, maternal-fetal and pediatric specialty physician services to hospitals and patients.
10-K for FY2025, filed Feb 19, 2026Pediatrix is a leading provider of physician services including newborn, maternal-fetal, and other pediatric subspecialty care. Our…View ↗
We provide clinical care to babies born prematurely or with complications within specific units at hospitals, primarily NICUs, through our…View ↗
We provide inpatient and office-based clinical care to expectant mothers and their unborn babies through our affiliated maternal-fetal…View ↗
Our network includes other pediatric subspecialists such as pediatric intensivists, pediatric hospitalists and pediatric surgeons, among…View ↗
How Do They Make Money?
Most revenue comes from affiliated physicians’ patient care: patients and insurers are billed for services, with collections typically 30 to 60 days after billing. Hospitals also pay administrative fees under some contracts and for medical director or other administrative work.
10-K for FY2025, filed Feb 19, 2026Under our contracts with hospitals, we have the responsibility to manage, in many cases exclusively, the provision of physician services…View ↗
Patient service revenue is recognized at the time services are provided by the Company’s affiliated physicians. The Company’s performance…View ↗
Collection of patient service revenue the Company expects to receive is normally a function of providing complete and correct billing…View ↗
Some of the Company’s hospital agreements require hospitals to pay the Company administrative fees. Some agreements provide for fees if the…View ↗
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10-K for FY2025, filed Feb 19, 2026
FY2025 revenue by product or service ↗
$1.9B
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10-K for FY2025, filed Feb 19, 2026
$1.9B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Net patient service revenue
Sold outright
10-K for FY2025, filed Feb 19, 2026 |
85%
FY2022: 86%
|
Net patient service revenue, FY2025
$1.6B Sources
|
Sold outright |
|
Hospital contract administrative fees
|
14%
FY2022: 13%
|
Hospital contract administrative fees, FY2025
$271.1M Sources
|
|
|
Product and Service, Other
|
0.6%
FY2022: 1.0%
|
Product and Service, Other, FY2025
$12.2M Sources
|
Who Are Their Customers?
Hospitals retain Pediatrix to staff and manage hospital units; affiliated physicians separately bill patients and third-party payors for care.
Do Revenues Turn Into Profits?
Yes. It kept 9 cents of every revenue dollar as net income in FY2025.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 4, 2026
Open tableView ↗
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Jul 15, 2026
Pediatrix reaffirmed its 2026 Adjusted EBITDA outlook
The company kept its full-year outlook at $280 million to $300 million.
Sources
8-K, filed Jul 15, 2026
Pediatrix reaffirms its previously reported full year 2026 outlook for Adjusted EBITDA, and anticipates Adjusted EBITDA will be in a range…View ↗
Flat. Revenue was $1.9B in FY2025, about the same as the $1.9B of FY2021.
Toward hospital-based care
The earlier report described pediatric urgent care clinics and a planned broader primary-care model; the latest says it exited primary and urgent care and nearly all office-based practices except maternal-fetal medicine, returning focus to hospital-based services and maternal-fetal care.
10-K for FY2022, filed Feb 17, 2023 10-K for FY2025, filed Feb 19, 2026Pediatric Primary and Urgent Care. We envision a new model comprising urgent/acute care, primary care and telehealth. We made our entry…View ↗
During the second quarter of 2024, we formalized our physician practice optimization plans, resulting in a decision to exit almost all of…View ↗
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