NORTH HOLLYWOOD, Calif., Nov. 20, 2013 (GLOBE NEWSWIRE) -- IPC The Hospitalist Company, Inc. (Nasdaq:IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired two acute care hospitalist practices on Florida's west coast: Naples-based Neapolitan Inpatient Care, LLC , and Venetian Hospitalist Services, LLC, headquartered in Venice. These transactions represent a further expansion for IPC in southwest Florida, where the Company already has an established presence. IPC has completed five transactions in Florida in 2013.
R. Jeffrey Taylor, president and COO of IPC The Hospitalist Company, stated, "The Venetian and Neapolitan acquisitions are compelling because these practices have earned a reputation for quality care and clinical leadership throughout the healthcare communities of southwest Florida. In the new era of healthcare reform, these characteristics are rapidly becoming critical factors for success in hospital medicine. We welcome these practices to the IPC team, and we look forward to supporting their continued growth and success."
John Weaver, M.D., a Venetian co-owner, commented on the transactions. "Venetian and Neapolitan have deep roots in the healthcare communities of Naples and Venice. This is an opportunity to bring our hospitals, our patients and our communities' physicians improved outcomes and quality of care by taking advantage of the clinical and administrative resources available to us through IPC. Building upon IPC's presence in this area, both in acute and post-acute care, we also expect to add broader and deeper support to IPC's other regional practices."
The combined practices represent an annualized volume of approximately 30,000 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 in over 350 hospitals and 800 post-acute care facilities in 28 states. The Company offers its 1,400 dedicated clinicians 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.