IPC The Hospitalist Company Acquires Five New Practices
10.19.2011
North Hollywood, Calif., October 19, 2011–IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired five small practices in several of the Company’s existing markets. The practices include: Lake Hospitalists, Inc. (Leesburg Florida); Babar Sanaullah MD, PLC (Grand Rapids Michigan); Comprehensive Wound Care, Inc. (Phoenix Arizona); Ed Soumi MD, PC (Las Vegas Nevada); and Elliott I. Greenspan, DO, PC (Bloomfield Hills, Michigan). The five practices have a combined total of approximately 43,000 encounters on an annualized basis.
R. Jeffrey Taylor, President and COO of IPC The Hospitalist Company, stated, “IPC is very pleased to continue expanding in five of our existing regions with physicians who enjoy a strong local reputation in their community. As healthcare reform evolves, IPC continues to attract smaller practices who seek the security, resources, and collective experience afforded by our strong national practice. These five groups represent a mix of acute care and post-acute care practices, and they continue to build on the Company’s growing presence across the entire continuum of care. ”
About IPC The Hospitalist Company, Inc
IPC The Hospitalist Company, Inc. (Nasdaq: IPCM) is a leading physician group practice company focused on the delivery of hospitalist medicine and related facility-based services. IPC’s physicians and affiliated providers practice in hospitals or other inpatient facilities, including acute, sub-acute and long-term care settings. The Company offers its providers the comprehensive training, information technology, and management support systems necessary to improve the quality and reduce the cost of patient care in the facilities it serves. For more information, visit the IPC website at www.hospitalist.com.