Navigation Links
IPC The Hospitalist Company Reports Second Quarter 2009 Results
Date:8/6/2009

pared to $16.8 million for the same period of 2008. Days sales outstanding (DSO) decreased to 56 DSO at the end of the period, compared to 60 DSO as of December 31, 2008. During the six month period, the Company expended $7.9 million for physician practices acquired in 2009 and earn-out payments attributable to practices acquired in 2007 and 2008. In addition, in late June 2009, the Company paid off all remaining debt of $7.3 million under its Term Loan and equipment financing loans.

Recent Developments

Yesterday, IPC announced that it acquired Synergy Medical Group, Inc. in Tampa, Florida, building on IPC's established presence in the greater Tampa Bay market. Synergy is a hospitalist group serving 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.

Guidance Update

The Company is updating its guidance for the full year 2009 and now expects revenue to be in the range of $303 million to $308 million and earnings per diluted share to be in the range of $1.05 to $1.12. The Company has provided this outlook based on the following assumptions: (i) an estimated 4.6% increase in the weighted average reimbursement rates for services provided to Medicare patients; (ii) continued growth in same-market areas whether from new hires or in-market acquisitions; (iii) a 40% effective tax rate; and (iv) 16.3 million weighted average diluted shares outstanding for the year. Not included in the assumptions are (i) new market acquisitions; (ii) increased general and administrative expenses as a result of the requirement of FASB Statement 141(R) to expense external costs associated with acquisitions that close subsequent to
'/>"/>

SOURCE IPC The Hospitalist Company, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Related medicine news :

1. Benefits of hospitalist care confirmed in new study
2. Hospitalist Physicians Help Shorten Patient Stays
3. IPC The Hospitalist Company, Inc. Prices Initial Public Offering
4. IPC The Hospitalist Company, Inc. to Present at the 2008 UBS Global Healthcare Services Conference
5. IPC The Hospitalist Company, Inc. Announces Closing of IPO and Exercise of Underwriters Over-Allotment Option
6. IPC The Hospitalist Company, Inc. to Report Fourth Quarter and Year-End 2007 Financial Results
7. IPC The Hospitalist Company Announces Board of Director Member Changes
8. IPC The Hospitalist Company Reports Fourth Quarter and Full Year 2007 Results
9. IPC The Hospitalist Company Sets 2008 Annual Meeting Date
10. IPC The Hospitalist Company Added to Russell 2000 Index
11. IPC The Hospitalist Company, Inc. to Report First Quarter 2008 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/4/2015)... ... 04, 2015 , ... The USC Eye Institute is proud to announce that ... Faculty, residents and staff are honored to have contributed to the success of ... ophthalmology residency program. Our faculty places a high priority on our educational programs in ...
(Date:9/4/2015)... , ... September 04, 2015 , ... ... Benker Residence in South Glastonbury, Connecticut, has been selected for the Residential Award ... significant energy efficiency and resiliency measures. Chosen from a highly competitive field of ...
(Date:9/4/2015)... ... September 04, 2015 , ... Friday night, Chicago lovebirds Jenny ... Rescue’s A Night of Hope event supporting families affected by autism, raising nearly $250,000. ... Joe Salas, joined together at the Oscar Swan Inn to support the cause. ...
(Date:9/3/2015)... ... September 03, 2015 , ... ... a privately held medical technology company that will bring low-cost cancer pre-screening tests ... , Preora’s proprietary and automated technology platform detects and measures cellular changes ...
(Date:9/3/2015)... (PRWEB) , ... September 03, 2015 , ... ... MN, and Indiana University, Indianapolis, have chosen Center for Hospice Care (CHC) ... these institutions will train at CHC as part of fulfilling their requirements for ...
Breaking Medicine News(10 mins):Health News:USC Ophthalmology Residency Program Ranked in Top 10 by Doximity 2Health News:USC Ophthalmology Residency Program Ranked in Top 10 by Doximity 3Health News:South Glastonbury Home Selected for Award by Connecticut Green Building Council 2Health News:Jenny McCarthy & Donnie Wahlberg Help Raise Over $200,000 For Generation Rescue’s ‘Night Of Hope’ Chicago Charity Event 2Health News:Preora Diagnostics to Commercialize Cancer Pre-screening Tests 2Health News:Preora Diagnostics to Commercialize Cancer Pre-screening Tests 3Health News:Physicians from Mayo Clinic and Indiana University to Complete Hospice & Palliative Medicine Training at Center for Hospice Care 2
... northern hemisphere this year has been the warmest since ... of global warming//. ,The National Oceanic and ... combined global land and ocean surface temperature from December ... in 1880. ,"Contributing factors were the long-term ...
... race may be a factor in determining his/her ... smoke (ETS). //The study reveals that African American ... have significantly higher toxin levels when compared to ... suffer from higher rates of tobacco-related disorders, such ...
... research published in the P Los (Public Library of Science) ... it comes to speculating// the wishes of a terminally sick ... stumbled upon this finding while he was analyzing the decisions ... of action involving a critically ill patient. ,Wendler ...
... India apparently accounts for one-third of the global TB burden, with ... TB bacillus. ,Every year, two million people in ... deaths every day. TB kills more youth in India than other ... per cent of all TB cases occur in children under the ...
... in children who wear a special kind of no-line ... according to a new study published in Investigative Ophthalmology ... that among children with two myopic parents, myopia progression ... compared to those wearing single-vision lenses (SVLs).Knowing parental myopia ...
... (Orissa), Climate change triggered by massive industrialisation will increase ... a United States expert at a discussion organised by ... trajectory change in the global climate compared to the ... diseases like malaria, plague and dengue," said Daphne Wysham ...
Cached Medicine News:Health News:Winter Warmth Breaks All Records 2Health News:Race Affects Tobacco Absorption in Children 2Health News:TB Incidence on Rise Among Children in Tamil Nadu, Maharashtra 2Health News:Climate Change can Raise Incidence of Disease: Expert 2
(Date:9/3/2015)... , Sept. 3, 2015 ... devices market? Which areas are going to grow at ... potential revenues to 2025, assessing data, trends, opportunities and ... tables, charts, and graphs. Discover the most lucrative areas ... new study lets you assess forecasted sales at overall ...
(Date:9/3/2015)... 3,  2015 About artificial organs ... which are implanted or integrated into individuals ... include artificial heart, kidney, pancreas, and cochlear ... polysulfone, and porous polypropylene), biologics, ceramics, and ... These organs are incorporated with different technologies ...
(Date:9/3/2015)... 2015  WellCare Health Plans, Inc. (NYSE: WCG ... vice president and chief financial officer, is scheduled to ... on Wednesday, September 9, 2015, at 9:25 a.m. Eastern ... In addition, a replay of the webcast will be ... the live broadcast and the replay will be available ...
Breaking Medicine Technology:Ophthalmic Devices Market Forecast 2015-2025: Future Prospects for Leading Companies in Vision Care, Surgical, Diagnostic & Monitoring Devices 2Ophthalmic Devices Market Forecast 2015-2025: Future Prospects for Leading Companies in Vision Care, Surgical, Diagnostic & Monitoring Devices 3Ophthalmic Devices Market Forecast 2015-2025: Future Prospects for Leading Companies in Vision Care, Surgical, Diagnostic & Monitoring Devices 4Global Artificial Organ Market 2015-2019 2
... heels of launching its enhanced Lilly for Better Health ... introduces the Lilly Health Channel on YouTube – ... employee and community outreach efforts, health innovation, Lilly programs and ... spotlight issues like the growing rate of diabetes ...
... SAN JOSE, Calif., Sept. 8, 2011 Sanmina-SCI ... manufacturing solutions company making some of the world,s ... today announced that its Kenosha, Wisconsin, facility has ... manufacturing. Achieving this certification recognizes Sanmina-SCI,s world-class manufacturing ...
Cached Medicine Technology:Lilly Health Channel Debuts on YouTube 2Sanmina-SCI Kenosha, Wisconsin Facility Awarded ISO 13485 Certification for Medical Devices 2Sanmina-SCI Kenosha, Wisconsin Facility Awarded ISO 13485 Certification for Medical Devices 3
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
Medicine Products: