Key Developments For IPC The Hospitalist Company, Inc.
IPC The Hospitalist Company, Inc. (IPCM.O) (Consolidated Issue listed on NASDAQ Global Market)
IPC The Hospitalist Company, Inc. Acquires Two New England Practices
IPC The Hospitalist Company, Inc. announced that it has acquired Hospital Internists of New London (HINL), based in New London, Connecticut, and Hospital Internists of Westerly (HIW), based in Westerly, Rhode Island. The acquisition of these two practices marks IPC The Hospitalist Company, Inc.'s expansion into two additional states, raising the Company's presence to 21 states. The two practices combined have approximately 55,000 patient encounters annually.
IPC The Hospitalist Company, Inc. Raises FY 2009 Guidance
IPC The Hospitalist Company, Inc. updated its guidance for fiscal 2009 and expects revenue to be in the range of $308 million to $310 million and earnings per diluted share (EPS) to be in the range of $1.09 to $1.14. According to Reuters Estimates, analysts were expecting the Company to report revenue of $308 million and EPS of $1.10 for the same period.
IPC The Hospitalist Company, Inc. Completes New Jersey Acquisition
IPC The Hospitalist Company, Inc. announced today that it has acquired Hospital Medicine Associates, P.C. (HMA). Based in Livingston, New Jersey, HMA represents the Company's second practice group in the state, following the recent acquisition of a hospitalist group in nearby Morristown. The Company expects to add approximately 25,000 patient encounters annually from the HMA acquisition.
IPC The Hospitalist Company, Inc. Raises FY 2009 Guidance
IPC The Hospitalist Company, Inc. updated its guidance for fiscal 2009 and now expects revenue to be in the range of $303 to $308 million and earnings per diluted share (EPS) to be in the range of $1.05 to $1.12. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $1.07 on revenue of $304 million for the same period. The Company cited continued growth in same-market areas whether from new hires or in-market acquisitions and an estimated 4.6% increase in the weighted average reimbursement rates for services provided to Medicare patients as the primary reasons for positive guidance.
IPC The Hospitalist Company, Inc. Acquires Synergy Medical Group, Inc.
IPC The Hospitalist Company, Inc. announced that it has acquired Synergy Medical Group, Inc. in Tampa, Florida. Terms of the transaction were not disclosed.
