IPC Continues Investment in Post-Acute Market With Acquisition of Clyo Internal Medicine in Ohio

NORTH HOLLYWOOD, Calif., Sept. 18, 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 is further expanding its presence in post-acute care in southwest Ohio with the acquisition of Clyo Internal Medicine in Dayton.

"Dr. Gary Palmer's practice aligns with our key objective of improving the overall quality of patient care," said R. Jeffrey Taylor, president and COO of IPC. "We are excited about Dr. Palmer's team being part of our network of post-acute specialists that today practice in over 1,200 facilities, including skilled nursing facilities, nursing homes, assisted living facilities and rehabilitation facilities."

Clyo's owner, Gary Palmer, M.D., will continue with the group as Practice Group Leader. "The opportunity to join an organization that believes in the continuum of care model and that has the infrastructure to help our organization grow and prosper is exciting to my team of practitioners," he said. "We are looking forward to joining a network of providers who share our passion for the post-acute patient."

The patient encounters for the practice are estimated at approximately 32,000 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.

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Source:IPC The Hospitalist Company, Inc.