Pediatrix Medical Group, Inc. (NYSE:MD) Q4 2022 Earnings Call Transcript

So, we’ve seen a, significant uptick in that activity. When you look at the core areas, I think there’s a confluence of issues, coming down the pike, I think there’s succession issues and some of these practices on, in some of the hospitals where the hospitals are concerned about do they have the right people, as the population ages in the physician population. So, I think we stand ready both on an organic side, but I would also say on the inquisitive side, there’s opportunity for us in multiple specialties and in the core you have to remember, I think the core is going to be a big part of this when you talk about NICU, when you talk about MFM and we’re focused on that because that is really obviously key to what we do on the growth side, but I think it’s going to be pretty measured.

We’ll keep our powder dry if we need to in terms of, a big acquisition, but there’s something out there that is material to what we’re doing, we’re going to go after it.

Brian Tanquilut: Got it. And then I guess Mark, as I think about just seasonality and I know Q1 is always one of the issues here, but maybe if you can quantify for us how we should be thinking about payroll tax just for sequential modeling purposes.

Marc Richards: I mean, I would look at the first quarter of last year. We’d expect a similar load in the first quarter of 2023, which, which will tail off as those limits are met typically, towards the end of the first quarter. End of the second quarter.

Brian Tanquilut: Okay. Got it. All right, thank you.

Marc Richards: Okay,

Operator: And currently we have no further questions in queue.

Marc Richards: Thank you very much, operator. Thank you all for joining the call.

Operator: Thank you very much. Ladies and gentlemen, this conference will be available for replay after 11.15 Eastern today and running through March 3rd at midnight. You can access to AT&T replay system at any time by dialing 1-866-207-1041 and entering the access code 783-8189. International participants may dial 402-970-0847. Those numbers again are 1-866-207-1041, international parties, 402-970-0847 with the access code 783-8189. That does conclude a call for today. Thanks for your participation for using AT&T Conferencing Service. You may now disconnect.