NORTH HOLLYWOOD, Calif., July 16 IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired Tucson Long-Term Care Medical Group, Inc. and TLC Pain & Palliative Medicine Practice, Inc. (collectively TLTC), expanding the scope of its hospitalist services in Tucson to additional alternative sites of care.
IPC's 12-year presence in the Tucson market has focused primarily on acute care hospitals, with a smaller presence in long-term acute care, inpatient rehab and skilled nursing facilities. TLTC serves over 40 additional locations including skilled nursing, custodial care, assisted living, and hospice facilities. IPC expects to add approximately 40,000 patient encounters annually from the acquisition of TLTC.
Adam Singer, M.D., IPC's Chairman and CEO, said, "The TLTC acquisition presents us with an opportunity to integrate the full range of acute, post-acute, and senior care across a major market. This innovative approach is in alignment with the intent of the new Obama healthcare reform initiatives to improve the quality and efficiency of care at all types of inpatient facilities."
About IPC The Hospitalist Company, Inc.
IPC The Hospitalist Company, Inc. (Nasdaq: IPCM) is a leading national 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.
Contacts: Devra Shapiro Amy Glynn/Nick Laudico IPC The Hospitalist Company, Inc. The Ruth Group (818) 766-3502 646-536-7023/7030 firstname.lastname@example.org email@example.com
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