IPC The Hospitalist Company Acquires Acute Care Practice in Florida

NORTH HOLLYWOOD, Calif., May 30, 2013 (GLOBE NEWSWIRE) -- IPC The Hospitalist Company, Inc. (Nasdaq:IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired select operations from Harbor Hospitalists, LLC. Headquartered in Port Charlotte, Florida, the acquisition of this acute care hospitalist practice represents a further expansion for IPC on the west coast of Florida, where the Company already has an established presence.

R. Jeffrey Taylor, President and COO of IPC, commented, "Harbor is a well-known and highly respected acute care practice and we welcome their hospitalists to the IPC family. The addition of Harbor directly enhances our reputation for the high quality of care we are committed to providing in southwest Florida and throughout our organization. Harbor has proven highly effective at partnering with local hospitals to provide high value and cost-effective patient care. We look forward to continuing those partnerships while enhancing the group's capability to manage performance metrics that are of vital importance to hospitals in today's healthcare environment."

Birgit Bodine, M.D. and Herman Gleicher, M.D., the founders of Harbor, will continue with the group as IPC Practice Group Leaders. Dr. Bodine commented, "We are pleased to be joining forces with IPC. Local practices such as ours greatly benefit from partnering with a strong national company such as IPC to navigate through the complexities and new demands of healthcare reform. We intend to make good use of the financial, management and clinical support services that IPC offers its practices. This will enable us to further enhance the valuable hospitalist services we provide to the Port Charlotte and Punta Gorda communities."

The Harbor acquisition is expected to generate approximately 40,000 acute patient visits per year.

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, post-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.

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Source:IPC The Hospitalist Company, Inc.