NORTH HOLLYWOOD, Calif., Nov. 16, 2012 (GLOBE NEWSWIRE) -- IPC The Hospitalist Company, Inc. (Nasdaq:IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired GLT Medical Services, Ltd. (GLT), a post-acute hospitalist practice headquartered in the Toledo, Ohio area. The acquisition represents an expansion for IPC in the northwest Ohio market, where the company already has an established presence.
R. Jeffrey Taylor, President and Chief Operating Officer of IPC, commented, "GLT has a very solid track record of caring for nursing home patients and assisted living residents in the area, and we see significant opportunities for continued growth in northwestern Ohio and southern Michigan. With GLT's providers working in concert with IPC's acute care hospitalists in the region, we will be able to deliver a more comprehensive and better-coordinated care experience for our patients."
Joseph Peyton, D.O., owner of GLT, said, "The GLT clinicians and I are very pleased to join IPC, which has developed a strong leadership position in both acute and post-acute hospitalist care. With IPC, we can continue to maintain our valued local relationships and small practice feel, while gaining all the benefits of being part of a large national group. We look forward to utilizing IPC's many resources, such as the company's extensive recruiting capabilities, excellent performance monitoring tools, and clinical knowledge sharing initiatives."
GLT has an annualized volume of approximately 22,000 patient encounters.
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 exclusively 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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