NORTH HOLLYWOOD, Calif., Sept. 18, 2013 (GLOBE NEWSWIRE) -- IPC The Hospitalist Company, Inc. (Nasdaq:IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired the hospitalist-related assets of Metropolitan Pulmonary and Hospital Medicine, P.C. (MPHM). The practice is based in Kansas City, Missouri, where IPC has had an established presence since 2010. With the MPHM transaction, IPC will be entering into two new hospitals in the Kansas City area.
R. Jeffrey Taylor, President and COO of IPC, stated, "The MPHM hospitalists are a welcome addition to IPC and we are very pleased they have chosen to join us. A well-known and highly respected practice group, MPMH has a strong reputation among primary care physicians in the community. In just three years, IPC has built a solid position in the Kansas City market, and the MPMH hospitalists will make us even stronger."
Commenting on the transaction, Sidney Devins, M.D., co-founder of MPHM, said, "Our hospitalists in Missouri see a tremendous opportunity to benefit from joining a strong national practice group while continuing to improve the quality of care we provide to our patients. We are especially excited to tap into IPC's expanding network of post-acute care practices so that we too can provide patients with a true continuum of care experience in both acute and post-acute care settings."
Patient encounters from the acquisition are estimated at approximately 36,000 on an annualized basis.
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 over 350 hospitals and 800 post-acute care facilities in 28 states. The Company offers its 1,400 dedicated clinicians 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.
Source:IPC The Hospitalist Company, Inc.