IPC Continues Investments in the Acute & Post-Acute Market With the Acquisition of Midland Hospitalists in Central Michigan

NORTH HOLLYWOOD, Calif., Sept. 25, 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 with the acquisition of Midland Hospitalists PLC in Midland it is continuing its investments in the acute and post-acute care marketplace in central Michigan.

"We are excited that Dr. Javed Zia and his team will be joining our network of acute and post-acute specialists, and we look forward to supporting the growth of his team," said R. Jeffrey Taylor, president and COO of IPC. "The acquisition of Dr. Zia's practice will help IPC expand its market presence in the Tri-City area of Midland, Bay City, and Saginaw.

"Additionally, this acquisition will further provide IPC with additional opportunities for growth, as it will serve as a platform for our northern expansion in Michigan," Taylor added.

Midland Hospitalist owner, Javed Zia, M.D., will continue with the group as Practice Group Leader. "Joining IPC will provide us with the infrastructure to expand our market presence of both acute and post-acute care into northern Michigan. IPC is comprised of top notch practitioners, and the combined clinical and operational expertise of the organization, along with its commitment to high-quality and well-coordinated care, are a complementary fit for our team."

The patient encounters for the practice are estimated at approximately 16,000 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.