NORTH HOLLYWOOD, Calif., April 3, 2008 /PRNewswire-FirstCall/ -- IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), a leading provider of hospitalist services, announced that it was added to the Russell 2000(R) Index effective March 31, 2008.
Adam Singer, M.D., Chief Executive Officer, commented, "This is another important milestone for IPC since becoming a publicly traded company. The addition to the Russell 2000(R) Index reflects our position as a leader in providing hospitalist services and will provide greater awareness and visibility for our stock among institutional investors."
The Russell 2000(R) Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000(R) Index is a subset of the Russell 3000(R) Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. Based on the monthly statistics as of February 29, 2008, the median market capitalization of the Russell 2000(R) Index was approximately $516 million.
The Russell 2000(R) Index is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set.
About IPC The Hospitalist Company
IPC The Hospitalist Company, Inc. (Nasdaq: IPCM) is a leading 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
Devra Shapiro Stephanie Carrington/Jared Hoffman
IPC The Hospitalist Company, Inc. The Ruth Group
(818) 766-3502 646-536-7017/7013
|SOURCE IPC The Hospitalist Company, Inc.|
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