×

IPC The Hospitalist Company Expands Florida Presence With ECHIS Acquisition

NORTH HOLLYWOOD, Calif., Sept. 9, 2014 (GLOBE NEWSWIRE) -- IPC The Hospitalist Company, Inc. (Nasdaq:IPCM), a leading national hospital medicine and post-acute physician group practice company, announced today that it has expanded its presence in Florida with the acquisition of East Coast Hospitalist Inpatient Specialists (ECHIS).

"ECHIS has been dedicated to providing exemplary acute inpatient healthcare, while effectively communicating with primary care physicians, consultants and hospitals," said R. Jeffrey Taylor, president and COO of IPC. "We look forward to this acquisition further expanding our existing Orlando and Daytona Beach presence to surrounding contiguous communities in Orange, Seminole and Volusia Counties."

ECHIS owners Drs. Hasib Ibne-Rasa, Asif Mirza, Faisal Ahmad, and Syed Hassan will continue practicing under IPC. Dr. Ibne-Rasa, who will serve as the team's physician group leader, said, "With the clinical tools, technology, and expertise offered by IPC, we believe that the performance of our group will be greatly enhanced. Additionally, with IPC we'll be able to expand our practice to better manage the continuum of care of our patients.

"Our team is excited about joining the organization and the opportunity we'll have to leverage the combined informational sharing of over 1,700 practitioners at IPC," he added.

The patient encounters for the practice are estimated at approximately 47,000 on a combined annualized basis.

About IPC The Hospitalist Company, Inc.

IPC The Hospitalist Company, Inc. (Nasdaq:IPCM) is a leading national hospital medicine and post-acute physician group practice company. IPC's physicians and affiliated providers practice in over 400 hospitals and 1,200 post-acute care facilities. The Company offers its 1,700 employed clinicians comprehensive training, information technology, and management support systems 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.ipcm.com.

CONTACT: Media Contact: Scott Public Relations Elaine Murphy 818.610.0270 elaine@scottpublicrelations.com Investor Contact: PondelWilkinson Evan Pondel 310.279.5980 epondel@pondel.com

Source:IPC The Hospitalist Company, Inc.