IPC The Hospitalist Company, Inc., a leading national hospitalist physician group practice company in North Hollywood, announced the acquisition of five small practices in several of the company’s existing markets, including Florida, Maryland, Michigan, Arizona and Nevada. The company also announced a management transition plan. Effective Nov. 1, Richard H. Kline will join IPC as its chief financial officer as long-time CFO, Devra G. Shapiro, will become its chief administrative officer. R. Jeffrey Taylor, president and COO of IPC, said the acquisitions represent a mix of acute care and post-acute care practices. “They continue to build on the company’s growing presence across the entire continuum of care,” he said. IPC is focused on the delivery of hospitalist medicine and related facility-based services. IPC’s physicians and affiliated providers practice in hospitals or other inpatient facilities, including acute, sub-acute and long-term care settings. The publicly owned company reported a 28 percent increase in net revenues to $111.7 million for the quarter ended June 30 as earnings grew 20 percent to $6.5 million. Judy Temes
