FORT LAUDERDALE, Fla.- -(BUSINESS WIRE)- -Feb. 22, 1999- -Pediatrix Medical
Group, Inc., (NYSE:PDX - news) today announced that its Board of Directors has
rescinded the two-for-one split of the Company's common stock that was to have
been effective February 26, 1999.

The decision was made in the best interest of shareholders following the market
volatility of Pediatrix Medical Group shares during the past several weeks.

Pediatrix was founded in 1979 and has evolved as a national physician group
specializing in neonatal and perinatal care. Pediatrix is the nation's largest
provider of physician services to hospital-based neonatal intensive care units
(NICUs). During 1998, Pediatrix added 27 NICUs by a combination of acquisitions
and internal marketing efforts and now provides services to more than 120 NICUs
nationwide.

Obstetrix Medical Group, a Pediatrix subsidiary, provides perinatal physician
services in a total of eight U.S. markets.

Combined, Pediatrix employs approximately 350 physicians. Additional information
is available on the Internet: www.pediatrix.com.

Except for historical information, this press release contains certain
forward-looking statements that involve risk and uncertainties that may cause
actual results to differ materially from the statements made. Such factors
include, but are not limited to, changing market conditions, the ability to
successfully identify suitable acquisition candidates and to complete those
acquisitions on favorable terms and other risks detailed from time to time by
the Company or in its filings with the U.S. Securities and Exchange Commission.