NORTH HOLLYWOOD, Calif., Feb. 19, 2015 (GLOBE NEWSWIRE) -- IPC Healthcare, Inc. (Nasdaq:IPCM), a leading national acute hospitalist and post-acute provider organization, announced today that it has acquired Capital Internal Medicine, LLC (Capital). Headquartered in Maryland, the practice group encompasses the greater Washington, D.C. metro market, operating in both the Silver Spring and Germantown markets.
R. Jeffrey Taylor, president and COO of IPC Healthcare, said, "Capital Internal Medicine believes in delivering the best care to the communities that they serve and that it starts with their staff. Investing in providers so that they may have a top notch team to support the communities they serve resonates with our core as an organization."
"We are excited about this acquisition and the expansion it affords us with key clients in Maryland. This acquisition combines the strengths of both organizations and helps IPC build an even stronger partnership with the group's client hospitals to provide greater depth of coverage and a superior focus on performance metrics," Taylor added.
"IPC's infrastructure, support, and personnel will help our organization grow and deliver even greater value to our providers and clients in the years to come," said Dr. Neeraj Chopra, co-owner of Capital Internal Medicine.
"It is exciting to our team of practitioners to join such an innovative and collaborative organization," said Dr. Ahmed Nawaz, co-owner of Capital Internal Medicine. "We are enthusiastic about the opportunity to grow into the post-acute environment with the help of IPC's expertise. The company's broad experience with the acute and post-acute continuum of care sets it apart from others in the market."
Dr. Chopra and Dr. Nawaz will both stay with IPC as Practice Group Leaders.
The patient encounters for the practice are estimated at approximately 67,000 on a combined annualized basis.
About IPC Healthcare, Inc.
IPC Healthcare, Inc. (Nasdaq:IPCM) is a leading national acute hospitalist and post-acute provider group practice company. IPC Healthcare's affiliated physicians and other clinical providers practice in over 400 hospitals and 1,200 post-acute care facilities. The Company offers it's more than 1,800 employed clinicians comprehensive training, information technology, and management support systems to improve the quality and reduce the cost of patient care in the facilities it serves. For more information, visit the IPC Healthcare website at www.ipchealthcare.com.