Pediatrix Medical Group (MD) is a physician services company that provides newborn, maternal-fetal, and pediatric subspecialty care through a national network of affiliated physicians. Revenue is generated by billing patients and third-party payors for clinical services delivered primarily in hospital settings, including neonatal intensive care units. At December 31, 2025, the network comprised approximately 2,295 affiliated physicians operating across 37 states, including 1,350 neonatal physicians, over 475 maternal-fetal and obstetrical physicians, over 230 pediatric intensive care physicians, 220 hospital-based pediatric physicians, and 20 pediatric surgical physicians. During 2024, Pediatrix exited almost all office-based practices other than maternal-fetal medicine and also exited its primary and urgent care service line, concentrating the portfolio on hospital-based subspecialty care.

Revenue model

Fee-for-service billing to patients and third-party payors for physician services delivered in hospital settings, primarily neonatal intensive care units and affiliated hospital environments.

Products and services

Neonatal intensive care (NICU-based care for premature and medically complex newborns), maternal-fetal medicine and obstetrical care for complicated pregnancies, pediatric intensive care, hospital-based pediatric care, and pediatric surgical care.

Customers and end markets

Patients receiving neonatal, maternal-fetal, and pediatric subspecialty care; third-party payors including government and commercial insurers; hospital systems hosting affiliated physician practices across 37 states (as of December 31, 2025).

Value-chain role

Physician practice management and clinical care delivery organization that affiliates independent subspecialty physicians and embeds them within hospital systems.

Geographic exposure

United States, 37 states (as of December 31, 2025).

Source: SEC 10-K, filed 2026-02-19

Industry: Services-Hospitals Peers: 23ANDME HOLDING CO. Addus Homecare Corp AGILITI, INC. \DE Astrana Health Inc CorVel Corp CVS Health Corp OPKO Health Inc ModivCare Inc