June 27, 2008

IPC to Acquire Hospitalists of America

IPC The Hospitalist Company, a national physician group practice company, has signed a definitive agreement to acquire Florida-based Hospitalists of America.

The acquisition will expand IPC's presence to Southeast Florida with a network of independent physicians who perform hospitalist services on a part-time basis for Hospitalists of America's (HOA) health plan and hospital customers across Miami-Dade, Broward and Palm Beach Counties.

Subject to completion of due diligence and other customary closing conditions, the acquisition is scheduled to close in the third quarter of 2008.

Adam Singer, chairman and CEO of IPC, said: "Executing an agreement to acquire Hospitalists of America represents a significant opportunity for IPC to enter Southeast Florida. We believe that IPC's infrastructure and advanced technology can further enhance HOA's ability to deliver excellent quality patient care, while adding value to its existing clients."