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IPC The Hospitalist Company Reports Third Quarter 2009 Results
Date:11/2/2009

lity to recruit and retain qualified physicians;
  • IPC's ability to successfully complete and integrate new acquisitions;
  • the effect of changes in rates or methods of third-party reimbursement; and
  • the high level of competition in IPC's industry.

    • IPC undertakes no obligation following the date of this press release to update or revise any such statements or projections whether as a result of new information, future events, or otherwise. 

        Contacts:                            Amy Glynn/Nick Laudico
    Devra Shapiro                        The Ruth Group
    IPC The Hospitalist Company, Inc.    (646) 536-7023/7030
    (818) 766-3502                       aglynn@theruthgroup.com
                                         nlaudico@theruthgroup.com

                       IPC The Hospitalist Company, Inc.
                          Consolidated Balance Sheets
                  (dollars in thousands, except for share data)

                                          September 30,   December 31,
                                              2009            2008
                                              ----            ----
                                          (unaudited)
      Assets
      Current assets:
         Cash and cash equivalents           $37,829          $37,394
         Accounts receivable, net             46,297           44,474
         Prepaid expenses and other
          current assets                       3,858            8,081
                                               -----            -----
      Total current assets                    87,984           89,949
      Furniture and equipment, net             2,780            2,452
      Goodwill                                83,471           6
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    SOURCE  IPC The Hospitalist Company, Inc.
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