IPC The Hospitalist Co. (IPCM) Acquires Practices in Florida, Chicago

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IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), has acquired two practices: Hospital Medicine Associates of Florida, PC (HMA), based in Ocala, Florida; and Transitions of Care, PLLC (TOC), practicing in the Chicago, Illinois area. Both practices are located within markets where IPC already has an established presence. Annualized encounters for HMA and TOC are approximately 18,000 and 10,000, respectively.

Additionally, IPC entered into an exclusive agreement to provide hospitalist services for The Heart Hospital of New Mexico at Lovelace Medical Center, based in Albuquerque, New Mexico. This represents a new market for IPC as the Company enters practice in its 27th state. Encounters are expected to be approximately 18,000 annually.

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