NORTH HOLLYWOOD, Calif., Dec. 28, 2010 /PRNewswire-FirstCall/ -- IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), the leading national hospitalist group practice company, announced today that it has acquired Midwest Hospital Specialists PA, Midwest Hospital Care LLC, and Peterson Management Co. (PMC), collectively known as Hospital Inpatient Management Services (HIMS). Headquartered in Overland Park, Kansas, the acquisition of HIMS represents a new practice region for IPC. HIMS has an annualized volume of approximately 140,000 patient encounters.
Adam Singer, MD, Chairman and CEO of IPC, commented, "HIMS has built an outstanding regional practice and their strong reputation in the Kansas City market is well deserved. Their physician and management talent, coupled with their commitment to aligning with hospitals and referring physicians, makes HIMS an ideal fit for IPC. Supported by IPC's substantial financial and administrative resources, HIMS is positioned for even greater success in the Kansas City market."
Thomas Simmons, MD, majority owner of Midwest Hospital Specialists, will continue as a Practice Group Leader, while Sanford Peterson, PhD, head of PMC, will remain in the newly created position of Executive Director for the IPC Kansas City Region. Simmons said, "HIMS has watched with interest as IPC has helped many practices around the country improve their competitive position by utilizing IPC's capital and infrastructure support. The new era of healthcare reform compels groups such as ours to look for like-minded partners who can help us continue to strengthen our capabilities. As part of IPC, our physicians are better prepared to deliver high-quality inpatient care in Kansas City and surrounding markets."
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 practice in hospitals or other inpatient facilities, including acute, sub-acute and long-term care settings. 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.
SOURCE IPC The Hospitalist Company