NORTH HOLLYWOOD, Calif., Dec. 5, 2011 (GLOBE NEWSWIRE) -- IPC The Hospitalist Company, Inc. (Nasdaq:IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired Hospitalist Specialists, PLLC, headquartered in Spokane, Washington. Hospital Specialists operates practices in both Spokane and Coeur D'Alene, Idaho. The practices represent a combined annualized volume of approximately 40,000 patient encounters.
Adam Singer MD, Chairman and CEO of IPC, stated, "We are very pleased that Hospitalist Specialists has chosen to join forces with IPC. This acquisition represents IPC's first venture in the Northwestern part of the U.S. We look forward to providing this practice with the financial, operational and management resources that IPC offers its physicians in order to serve their patients and hospital partners with efficient and cost-effective high-quality inpatient care."
Bob Zurcher MD, CEO of Hospitalist Specialists, will remain with the group under IPC as Regional Director. Dr. Zurcher commented, "Given the uncertainties and demands of the evolving healthcare environment, our practice group felt it was important to look for a partner who could provide us with the right balance of autonomy and support. Teaming up with IPC certainly fulfills this objective. With IPC, we are in a far better position to meet the complex needs of our hospital partners, while continuing to expand our relationships with primary care physicians and specialists in the communities we serve."
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 hospitals or other inpatient facilities, including acute, sub-acute and long-term care 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.