IPC The Hospitalist Company Acquires New York Practice

NORTH HOLLYWOOD, Calif., May 15, 2014 (GLOBE NEWSWIRE) -- IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired RG Psychological Services, P.C. Headquartered in Lynbrook, New York, RG's practice covers more than 80 post-acute care facilities in the greater New York metropolitan area as well as the Albany market.

R. Jeffrey Taylor, president and COO of IPC, commented, "As IPC continues its expansion in post-acute facility-based care we see an opportunity to create a closer coordination of internal medicine and behavioral health services in order to improve both quality and outcomes. The acquisition of RG gives us the opportunity to continue to work on this type of coordination in New York, where we already have a presence and provide internal medicine, psychiatry and psychology services." 

Richard Juman, Psy.D., owner of RG, will join IPC in a leadership capacity for the region. Dr. Juman said, "RG has a 20-year track record providing psychological services to skilled nursing facilities and rehabilitation centers. We already work with many of IPC's physicians and nurse practitioners in the area. RG's psychologists are excited about coordinating care more closely with IPC's clinicians to further improve the quality of care in the facilities we serve." 

The RG transaction represents approximately 55,000 patient encounters on an annualized basis.

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 over 400 hospitals and 1,100 post-acute care facilities. The Company offers its 1,800 employed comprehensive training, information technology, and management support systems 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.

CONTACT: Media Contact:
         Scott Public Relations
         Elaine Murphy
         818.610.0270
         [email protected]

         Investor Contact:
         PondelWilkinson
         Evan Pondel
         310.279.5980
         [email protected]

Source: IPC The Hospitalist Company, Inc.

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