North Hollywood-based IPC The Hospitalist Company, Inc. has acquired two out-of-state practices and entered into an agreement to provide hospitalist services for a New Mexico hospital.
IPC, a national hospitalist physician group practice company, acquired Ocala-based Hospital Medicine Associates of Florida, PC and Chicago practicing Transitions of Care, PLLC, according to a company announcement. Both acquisitions are in markets IPC already has a presence.
In addition, IPC has entered into an exclusive agreement to provide The Hearth Hospital of New Mexico at Lovelace Medical Center in Albuquerque with hospitalist services, the company announced. This signals a new market for IPC, as New Mexico will be the 27th state the company practices.
“Viewed together these three transactions portray our company’s main priorities,” said Dr. Adam Singer, chairman and CEO of IPC, in a statement.
“(Our company’s main priorities are) continued growth in both established and new markets, a focus on acute care hospitalist and closely related post-acute services and partnerships with hospitals and other facilities.”
IPC estimated annual encounters at both Hospital Medical Associates and Lovelace Medical Center at 18,000, and 10,000 at Transitions of Care.