IPC The Hospitalist Co. Inc. has acquired Greater Orlando Hospitalists P.A., a doctors group in Altamonte Springs, a suburb of Orlando, Fla., the company announced Monday.
The North Hollywood company, which owns doctor groups that attend inpatients and those recently released from hospitals, expects to gain 35,000 annual patient visits from the Orlando acquisition.
Since the beginning of the year, IPC has announced acquisitions in Missouri, New Jersey, Massachusetts, Connecticut, Alabama, Kansas and Florida.
“In Florida and elsewhere, local independent practices are proactively evaluating their options and considering the kinds of growth opportunities that IPC has to offer in this new era of healthcare reform,” said Chief Operating Officer Jeffrey Taylor, in a statement. “This is our third acquisition in Florida this year.”
Shares of IPC closed down $1.20, or 2.3 percent, to $50.36 on the Nasdaq.