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Pediatrix Medical Group purchases Louisiana neonatal physician practice

Sunrise-based Pediatrix Medical Group (PDX) said Tuesday it has purchased a neonatal physician practice based in Hammond, La. The practice staffs the Level 3 neonatal intensive care unit at North Oaks Medical Center.

Pediatrix paid cash for the practice and expects that it will contribute to the company's earnings immediately. No additional terms were disclosed. Pediatrix is changing its name to Mednax in January to reflect its broadening to physician services beyond pediatric specialties.

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