RBC Capital Downgrades IPC The Hospitalist Company (IPCM) to Sector Perform

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TeamHealth Holdings (TMH) to Acquire IPC Healthcare (IPCM) in ~$1.6B Deal

August 4, 2015 8:16 AM EDT

TeamHealth Holdings (NYSE: TMH) announced a definitive agreement to acquire IPC Healthcare Inc. ("IPC Healthcare") (Nasdaq: IPCM), a leading national acute hospitalist and post-acute provider organization, in an all-cash transaction with an enterprise value of approximately $1.6 billion or $80.25 per share. The boards of directors of both companies have approved the transaction.

"We are excited to announce this strategic transaction with IPC Healthcare to create the leading physician services organization spanning multiple specialties," said TeamHealth President and Chief Executive Officer, Mike Snow. "Through this combination, TeamHealth... More