IPC The Hospitalist Company Acquires South Florida Practice
12.07.2011
North Hollywood, Calif., December 7, 2011 – IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), a leading national hospitalist physician group practice company, announced today that it acquired PCA Hospitalists, Inc. Based in Port St. Lucie, Florida, the acquisition represents a further expansion for IPC in the South Florida market, where the Company already has an established presence. IPC expects to add approximately 9,000 patient encounters annually from this acquisition.
R. Jeffrey Taylor, President and COO of IPC, commented, “We are very pleased to welcome PCA to the IPC group of practices. The large and growing South Florida market continues to hold great potential for IPC, as the increasing complexity of healthcare is leading both hospitalist groups and their customers to seek a partner such as IPC, who can provide them with the customized expertise and depth of resources needed to effectively manage facility-based care.”
Co-owners Ravi Mehan, DO and Felix Fernandez, DO will continue to provide hospitalist services for IPC in the local practice. Commenting on the reasons for selling their practice, Mehan and Fernandez cite the financial, management and technology resources IPC offers the PCA providers in order to grow and better align with the facilities and health plans they serve in the greater Port St. Lucie community, in both acute care and post-acute care settings.
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.