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Slide #42. IPC The Hospitalist Company, Inc. — Park Avenue Health Care Management, LLC; Park Avenue Medical Associates, PC; Park Avenue Medical Associates, LLC; and Geriatric Services, PC
Acquirer:
IPC The Hospitalist Company, Inc. (IPCM)
Acquiree:
Park Avenue Health Care Management, LLC; Park Avenue Medical Associates, PC; Park Avenue Medical Associates, LLC; and Geriatric Services, PC
Details:
IPC The Hospitalist Company, Inc. (Nasdaq:IPCM), a leading national hospitalist physician practice company, announced today that it has signed definitive agreements to acquire the assets of four affiliated entities: Park Avenue Health Care Management, LLC; Park Avenue Medical Associates, PC; Park Avenue Medical Associates, LLC; and Geriatric Services, PC (collectively, "Park Avenue"). With Park Avenue's headquarters in White Plains, New York, the transaction once completed will represent a new market for IPC in the New York metropolitan area, as well as an expansion of IPC's existing operations in Connecticut and Massachusetts.
IPC Healthcare is a physician group practice company that operates and manages full-time acute hospitalist and post-acute physician practices. Co.'s clinical services are focused on providing, managing and coordinating the entire episode of care of inpatients. Co. also provides its affiliated clinicians with the infrastructure, information management systems, training programs and administrative support. As of Dec 31 2014, Co.'s over 1,860 affiliated clinicians, including physicians, nurse practitioners and physician assistants practice in over 410 hospitals and 1,500 other inpatient and post-acute care facilities primarily in 28 states.
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Hold (1.78 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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