IPC Healthcare Expands Market Presence in Chicago

NORTH HOLLYWOOD, Calif., Oct. 22, 2015 (GLOBE NEWSWIRE) — IPC Healthcare, Inc. (Nasdaq:IPCM), a leading national acute hospitalist and post-acute provider organization, announced today that it has acquired Hospital Medicine Consultants, LLC in Chicago, Illinois. The acquisition complements IPC Healthcare’s existing market presence for acute and post-acute services in the northwestern suburbs of the Chicagoland area.

Commenting on the acquisition, IPC’s Chicago Executive Director Jennifer Miraglia said, “We are excited to have Hospital Medicine Consultants join an organization that will help their practice to continue to grow and adapt to the changes occurring in markets across the country in both acute and post-acute care. It is increasingly difficult for independent groups to meet all of the new demands of value-based and more highly coordinated care. The unique combination of infrastructure, specialized expertise, and breadth of experience that IPC brings to its clinicians, offers a support system that is unequaled by other clinician management organizations.”

“HMC’s talented clinicians will help boost IPC’s presence in Chicago’s northwestern suburbs and give us an improved capability to service both the acute and post-discharge needs of patients in the market,” said R. Jeffrey Taylor, president and COO of IPC Healthcare. “Hospital Medicine Consultants is an impressive organization that has built a loyal customer base by providing high quality care and superior service, and we are pleased to welcome the group’s clinicians to our IPC family.”

This acquisition is expected to add more than 20,000 encounters on a combined annualized basis.

About IPC Healthcare, Inc.

IPC Healthcare, Inc. (Nasdaq:IPCM) is a leading national acute hospitalist and post-acute provider group practice company. IPC Healthcare’s affiliated physicians and other clinical providers practice in approximately 400 hospitals and 2,000 post-acute care facilities. The Company offers its more than 2,000 employed clinicians 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 Healthcare website at www.ipchealthcare.com

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