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Healthcare Watch: IPC Buys Geriatric Practice Group

May 27, 2010 (FinancialWire) — IPC The Hospitalist Co., Inc. (NASDAQ: IPCM) said that it has acquired Continuum Geriatric Services PLLC, which CGS practices in more than 60 nursing and assisted living facilities in Michigan, where IPC has an established presence.

According to IPC, CGS has an annualized volume of around 105,000 patient encounters.

Adam Singer, IPC’s CEO, said, "The acquisition of CGS represents continued expansion for IPC into closely related business segments that focus on the management and coordination of facility-based care.”

Jerry Wilborn, the co-founder of CGS, will join IPC as a practice group leader for the region's sub-acute practice groups.

California-based IPC The Hospitalist is a physician group practice company focused on the delivery of hospitalist medicine and related facility-based services.

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