NORTH HOLLYWOOD, Calif., June 25, 2015 (GLOBE NEWSWIRE) -- IPC Healthcare, Inc. (Nasdaq:IPCM), a leading national acute hospitalist and post-acute provider organization, announced today that it has acquired two additional provider groups, Arcwell Medical, a post-acute internal medicine practice, and Innovative PsychiatriCare, a post-acute psychiatry group, both headquartered in the New York metro area.
R. Jeffrey Taylor, president and COO of IPC Healthcare, said, "These acquisitions will complement IPC's existing post-acute presence in both the New York metro area as well as other parts of the state. Arcwell is a well-known and significant provider of post-acute medicine in New York, and we are happy to welcome both the Arcwell and Innovative physicians and nurse practitioners to the IPC family. We are also excited that Dr. Richard Krugley, founder of Innovative, will stay with IPC as a Practice Group Leader."
Taylor added, "So far in 2015, IPC has acquired more than a half dozen excellent post-acute practices around the country. As we move to a world of more accountable care, these practices will serve a vital role in the improvement of care in their local markets across the acute and post-acute continuum."
The patient encounters for the two practices are estimated at approximately 62,000 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 1,700 post-acute care facilities. The Company offers it's more than 1,900 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.