NORTH HOLLYWOOD, Calif., March 20, 2012 (GLOBE NEWSWIRE) -- IPC The Hospitalist Company, Inc. (Nasdaq:IPCM), a leading national physician group practice company, announced today that it has completed the previously announced acquisition of Inpatient Clinical Solutions, Inc. (ICS), an acute care practice headquartered in Coral Springs, Florida. The acquisition represents IPC's continued expansion in South Florida, where the Company already has an established presence. IPC expects to add approximately 80,000 patient visits on an annualized basis from this acquisition.
Adam Singer, M.D., chairman and CEO of IPC, said, "We are pleased to announce the closing of this acquisition, which we had announced in February of this year. The acquisition of ICS provides IPC with a significant opportunity to build our presence with both health plans and hospital institutions in South Florida. This will further enable us to leverage our clinical and support resources for the betterment of patients. With the added resources from IPC, ICS' strong team of quality-focused hospitalists will be well-positioned to offer an even higher level of service, quality, and capabilities to their patients."
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, sub-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.
CONTACT: Media Contact: Elaine Murphy Scott Public Relations 818.610.0270 firstname.lastname@example.org Investor Contacts: The Ruth Group Amy Glynn 646.536.7023 email@example.com