NORTH HOLLYWOOD, Calif., Dec. 22 /PRNewswire-FirstCall/ -- IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired National Medical Affiliates, Inc. (NMA) in Punta Gorda, Florida. The acquisition represents continued expansion in the southwest Florida market, where IPC has already established a significant presence.
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Adam Singer, M.D., Chairman and CEO, said, "Having completed ten acquisitions this year, and with our continued success as an employer of choice, we are clearly executing on the growth plan that served as the basis for our initial public offering in January. NMA joins our rapidly growing group of practices in southwest Florida. As an in-market acquisition, NMA brings added efficiencies to our operations and considerably strengthens our position in this important market."
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Jeanette Valladares, M.D., CEO of NMA, commented, "This is a high-quality team of hospitalists with tremendous prospects for growth in the Charlotte county area. IPC can provide this practice group with the infrastructure and the technology it needs to reach their full potential, and they deserve that opportunity with IPC."
About IPC The Hospitalist Company, Inc.
IPC The Hospitalist Company, Inc. (Nasdaq: IPCM) is a leading national hospitalist physician group practice company focused on the delivery of hospitalist medicine services. IPC's physicians and affiliated providers manage the care of hospitalized patients in coordination with primary care physicians and specialists. The Company provides its hospitalists with the comprehensive training, information technology, and management support systems necessary to improve the quality and reduce the cost of inpatient care in the facilities it serves. For more information, visit the IPC website at www.hospitalist.com.
Media Contact: Scott Public Relations Elaine Murphy 818.610.0270 [email protected] Investor Contacts: The Ruth Group Stephanie Carrington 646.536.7017 [email protected]
SOURCE IPC The Hospitalist Company, Inc.