IPC the Hospitalist Co. has acquired GLT Medical Services Ltd., a post-acute doctors’ practice in Toledo, Ohio.
North Hollywood-based IPC manages physician groups that specialize in treating patients during and after hospital stays. The company already has a presence in northwest Ohio, having signed a service agreement with Toledo Children’s Hospital and established a pediatric group in 2008.
GLT will expand the company’s services to include patients from nursing homes and assisted living facilities.
“We see significant opportunities for continued growth in northwestern Ohio,” said IPC Chief Executive Jeffrey Taylor, in a statement. “With GLT’s providers working in concert with IPC’s acute-care hospitalists in the region, we will be able to deliver a more comprehensive and better coordinated care.”
The cost of the acquisition was not disclosed.
Shares of IPC gained $1.34, or more than 3 percent, to close at $35.64 on the Nasdaq.