IPC The Hospitalist Company Acquires Tamp... ( NORTH HOLLYWOOD Cal...)

IPC The Hospitalist Company Acquires Tampa Practice

Date:8/5/2009

NORTH HOLLYWOOD, Calif., Aug. 5 /PRNewswire-FirstCall/ -- IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired Synergy Medical Group, Inc. in Tampa, Florida, building on IPC's established presence in this key market.

Synergy is a hospitalist group that serves three acute care hospitals, two long-term acute care hospitals and seventeen skilled nursing facilities in the Tampa Bay area. Both IPC and Synergy have provided services in this large and growing market for a number of years, although in different facilities. IPC expects to add approximately 51,000 patient encounters annually from this acquisition.

Adam Singer, M.D., IPC's Chairman and CEO, said, "The Synergy acquisition presents us with an opportunity to expand IPC's presence in the greater Tampa Bay market, both in acute care hospitals and alternate sites of care. We are also pleased that Dr. Chris Nussbaum, Synergy's founder and CEO, will be joining as a full-time member of the IPC team as a Practice Group Leader."

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 informat
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SOURCE IPC The Hospitalist Company, Inc.
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