Expands presence in the Dallas-Fort Worth market
NORTH HOLLYWOOD, Calif., June 30 /PRNewswire-FirstCall/ -- IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), a leading national physician group practice company, announced today that it has acquired Texas Inpatient Services (T.I.P.S.). The acquisition expands IPC's established presence in the Dallas-Fort Worth market.
Adam Singer, M.D., Chairman and CEO of IPC, said, "The acquisition of T.I.P.S. continues to strengthen IPC's position in this important market and sets the stage for continued future growth. We are excited to expand upon T.I.P.S.' established market position, built over its ten-year history, and power it forward with IPC's infrastructure and technology."
Dallas-based T.I.P.S. currently has seven hospitalists covering several local hospitals, plus a number of subacute care facilities in Dallas and nearby suburbs.
Vivek Sastry, M.D., T.I.P.S. Founder and President, stated, "IPC's business and administrative support, especially the IPC-Link (R) technology, will boost our capabilities in key areas such as billing, collections and recruiting, while we remain committed to delivering high quality patient care." Dr. Sastry will remain with IPC 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 information, visit the IPC
website at http://www.hospitalist.com.
Media Contact: Investor Contacts:
Elaine Murphy The Ruth Group
Scott Public Relations Stephanie Carrington/Jared Hoffman
|SOURCE IPC The Hospitalist Company, Inc.|
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