Pediatrix Medical Group, Inc. (NYSE:MD) Q1 2024 Earnings Call Transcript

Marc Richards: Yes, I think for primary and urgent care it’s probably twofold. One, we acquired a couple of assets in primary and urgent care and they’re very good practices. The problem is that there were not a larger number of attractive acquisitions to do in primary and urgent care. And obviously then it becomes a heavy lift in terms of rolling out these independent practices in that portfolio across the country. So we just thought that the time to do that was distracting from what we need to do. Our focus, though, on growth would be in the core services that we continue to perform. If you look at it from the standpoint, we didn’t announce it specifically on a press release, we did acquire an MFM practice in California that has been a great addition to our portfolio of MFM.

So you’ll see more of that activity both on our core and longstanding ambulatory services that fit with our inpatient services and our ability to execute on both organic and inorganic growth on the inpatient side.

Kevin Fischbeck: All right, thanks.

Operator: [Operator Instructions] And we have no other questions. You may continue.

Charles Lynch: Thank you all for joining the call today. We’ll talk to you next quarter.

Operator: Ladies and gentlemen, that does conclude your conference for today. Thank you for your participation. You may now disconnect.