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Florida-based Pediatrix Medical Group shares slide

Miami Herald, October 3, 2008
Shares of Florida-based healthcare services company Pediatrix Medical Group continued sliding on fallout from its move to cut third-quarter profit guidance because of lower reimbursements. Shares fell 4.4%, to $45.56 on October 2. Earlier in the week, Pediatrix said a shift in reimbursement for patient care from commercial payers to government payers will affect revenue, along with a decline in patient volume.