IPC The Hospitalist Company Acquires Pediatric Practice in Arizona

Adds to Existing Presence in Phoenix Metro Area

Dec 29, 2010, 08:30 ET from IPC The Hospitalist Company

NORTH HOLLYWOOD, Calif., Dec. 29, 2010 /PRNewswire-FirstCall/ -- IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), the leading national hospitalist group practice company, announced today that it has acquired Desert Pediatric Hospitalists, PLC, based in Mesa, Arizona. The practice has an annualized volume of approximately 50,000 pediatric inpatient encounters. IPC has been active in the Phoenix market since 1998, and has provided pediatric hospitalist services since 2001.

R. Jeffrey Taylor, President and COO of IPC The Hospitalist Company, commented, "The Desert Pediatric Hospitalists group brings additional depth and expertise to our pediatrics practice in the Phoenix market. We believe this group will greatly benefit from the administrative and financial support IPC provides to all of our practices."

Steve Mousser, MD, Sheena Banerjee, MD and Troy Nelson, MD, owners of Desert Pediatrics, will remain in practice with IPC. Dr. Mousser stated, "Both IPC and Desert Pediatrics have a well-established presence in pediatric inpatient care in the Phoenix area. The additional resources and capabilities of IPC will enable our practice to continue to grow while also enhancing our reputation for providing outstanding quality of care."

With this acquisition, fourteen hospitalist and other facility-based group practices have become part of IPC in 2010, representing a combined total of approximately 700,000 additional annualized encounters.

About IPC The Hospitalist Company, Inc

IPC The Hospitalist Company, Inc. (Nasdaq: IPCM) is a leading physician group practice company focused on the delivery of hospitalist medicine and related facility-based services. IPC's physicians and affiliated providers manage the care of patients in coordination with primary care physicians and specialists. The Company offers its providers the comprehensive training, information technology, and management support systems necessary to improve the quality and reduce the cost of patient care in the facilities it serves. For more information, visit the IPC website at www.hospitalist.com.

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SOURCE IPC The Hospitalist Company



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