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IPC The Hospitalist
Company, Inc.
, a leading national hospitalist physician group,
announced today that it is expanding its presence in Florida with the
acquisition of select operations of Cape Coral Hospitalists, Inc. (CCH),
headquartered in Ft. Myers, Florida.
R. Jeffrey Taylor, President and COO of IPC, stated, "This is our second
acquisition in Florida in the past 30 days, and we continually look for
opportunities to further expand our presence throughout the state. Florida
still holds significant growth potential for IPC in both acute and post-acute
care facilities. As with any practice we acquire, the physicians joining IPC
can look to us for resources and expertise to continually add value to their
hospitals and practices, and to constantly improve the quality of patient
care."
CCH principal Anand R. Mahadevan, M.D. will continue to provide support to the
practice under IPC. Dr. Mahadevan commented, "Joining forces with a strong
national company such as IPC ensures that a practice can be solid and stable
despite the looming uncertainties of healthcare reform. IPC is clearly the
'go-to' company for independent hospitalist practices considering alternative
ways to secure their future. We believe that as a part of IPC, the practice
will further enhance its reputation with both facilities and community
physicians who rely upon us to deliver high quality and cost-effective care to
their patients."
The acquired operations of CCH represent approximately 13,000 encounters on an
annualized basis.
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