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Saturday, Jun 3, 2023

IPC Buys Florida Doctors’ Groups

IPC The Hospitalist Co. Inc. has purchased two acute care doctors groups on Florida’s Gulf Coast. The North Hollywood company, which manages hospital-based doctors’ groups, purchased Neapolitan Inpatient Care LLC in Naples and Venetian Hospitalist Services LLC in Venice. Financial details of the acquisitions were not disclosed. With the acquisitions, IPC has made bought five doctors’ groups in Florida this year. “The Venetian and Neapolitan acquisitions are compelling because these practices have earned a reputation for quality care and clinical leadership throughout the healthcare communities of southwest Florida,” IPC President Jeffrey Taylor, in a statement. “In the new era of health care reform, these characteristics are rapidly becoming critical factors for success in hospital medicine.” IPC estimates the acquisitions will add about 30,000 doctor visits to its business. Shares closed up $1.34, or 2 percent, to $61.63 on the Nasdaq.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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