December 18, 2007
IPC The Hospitalist Company Acquires San Antonio-Based Hospitalist Group
IPC The Hospitalist Company, Inc. (IPC) announced today that it has acquired Accomplished Diagnostic Medical Inpatient Team, P.A. (ADMIT), a hospitalist group in San Antonio, Texas. ADMIT is comprised of 11 physicians operating as two practice groups; one group is located in North Central Baptist Hospital and the other in Northeast Baptist Hospital. Both hospitals are acute care suburban facilities and part of the Baptist Health System owned by Vanguard Health Systems. Between the two hospitals, ADMIT physicians currently treat approximately 150 patients per day.
"We welcomed the opportunity to work with IPC because we believe the company's extensive infrastructure and technology will be beneficial in supporting the hospitalist services we provide to our community," said ADMIT Principal George Wilcox, D.O. "We are very enthusiastic about joining the industry leader in hospital medicine and look forward to a mutually rewarding future."
"ADMIT is comprised of a highly professional and hard-working group of individuals," said Executive Director of IPC-San Antonio John Geanes. "We are privileged to be associated with them and believe that by working together with three of the main systems in San Antonio, we can make a difference by helping the hospitals meet their obligations to Medicare (CMS), relative to numerous new requirements in documentation and in physician/hospital performance. We believe `big' can be a good thing, and we do recognize that as our hospital partners thrive, so will IPC."
The purchase of the ADMIT Hospitalist Group marks the seventh acquisition that IPC The Hospitalist Company has made in 2007.
About IPC The Hospitalist Company, Inc.
IPC The Hospitalist Company, Inc. is a leading provider of hospitalist medicine in the United States. Founded by Chairman and Chief Executive Officer Adam Singer, M.D. in 1995, IPC owns or provides management services to hospitalist practices operating in over 300 facilities across 16 states. Supported by its proprietary IPC-LinkÃ® information technology, IPC delivers physician-driven, hospital-specific solutions to improve the quality of inpatient care and the satisfaction of medical and nursing staff. IPC also provides other corporate services such as billing and collections, provider recruitment, marketing, training and education. IPC employs more than 600 healthcare providers and also offers selected services to non-IPC providers. For more information, visit the IPC website at www.hospitalist.com. Also visit the IPC blog at www.hospitalistblog.com.