NORTH HOLLYWOOD, Calif., Oct. 18, 2012 (GLOBE NEWSWIRE) -- IPC The Hospitalist Company, Inc. (Nasdaq:IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired Valley Hospital Doctors, PLLC (VHD). Based in McAllen, Texas, the acquisition of this acute care hospitalist practice represents a new market for IPC in south Texas.
R. Jeffrey Taylor, President and Chief Operating Officer of IPC, commented, "VHD has built an impressive regional hospitalist practice, and their reputation for professional service and performance is well deserved. Their high quality clinician talent, coupled with their commitment to align with local facilities, makes VHD an ideal fit for IPC. Supported by IPC's financial and administrative resources, VHD is well positioned for even greater success in the south Texas market."
The five co-owners of VHD (Juan Asuaje, M.D., Raul Ledesma, M.D., Ruben Mohme, M.D., Manuel Seas, M.D. and Enrique Silva, M.D.) will all continue to practice with IPC in a full-time capacity. Commenting on the acquisition, Dr. Ledesma stated, "With IPC behind us, VHD can utilize the tools and resources of a national physician group while keeping the best of our local practice culture. Our goal is to further enhance the quality and efficiency of the patient care we provide to acute and post-acute facilities in the Rio Grande Valley. We see a significant opportunity for further expansion of our hospitalist services throughout south Texas."
The VHD acquisition is expected to generate approximately 102,000 acute patient encounters per year.
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 acute care hospitals and a range of post-acute facility 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.