IPC The Hospitalist Expands in New York State With CAP Medical Group Acquisition

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IPC The Hospitalist Company, Inc. (IPCM), a physician group practice company, said it’s expanding in upstate new York with the acquisition of CAP Medical Group, a post-acute hospitalist practice.

This will be IPC’s third acquisition in the state of New York in the past 18 months. CAP’s patient encounters are estimated at approximately 35,000 on an annualized basis. Financial terms weren’t disclosed.

The shares were up 0.5% in early trading at $52.40 in a 52-week range of $39.06 – $63.70.

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