NORTH HOLLYWOOD, Calif., June 11 /PRNewswire-FirstCall/ -- IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired the hospitalist division of Affiliated Medical Associates of Morristown, P.A. (AMAM). Based in Morristown, New Jersey, the acquisition establishes IPC's first practice in New Jersey and expands the Company's national presence to 19 states. IPC expects to add approximately 47,000 patient encounters annually from this acquisition.
Adam Singer, M.D., IPC's Chairman and CEO, said, "We are very pleased to add AMAM's hospitalist division to our growing group of practices in the densely populated northeast corridor. We continue to seek opportunities to acquire high-quality groups in this part of the county to support their growth with our infrastructure and capital."
Ed Crandell, IPC's Executive Director for the region, commented, "AMAM's hospitalists will continue to practice at Morristown Memorial Hospital and also provide coverage at local nursing homes. IPC supplies the group the additional resources needed to focus on operational and quality initiatives, enhance clinical communications, and expand recruitment potential."
One of the AMAM partners, Peter Roytman, M.D., will serve as IPC's Practice Group Leader for the group. Dr. Roytman remarked, "I look forward to continuing my career with this group as part of the IPC family. I've been very impressed with the quality of IPC's clinical leadership and with the Company's constant attention to innovation and support of its practice groups."
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 www.hospitalist.com.
Contacts: Devra Shapiro Amy Glynn/Nick Laudico IPC The Hospitalist Company, Inc. The Ruth Group (818) 766-3502 646-536-7023/7030 email@example.com firstname.lastname@example.org
|SOURCE IPC The Hospitalist Company, Inc.|
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