IPC The Hospitalist Company Completes AcquisitionThursday, August 7, 2014
IPC The Hospitalist Company Inc. announced Thursday that it has acquired GeriCare LLC, a post-acute medical group practice with operations throughout Connecticut.
The geriatric practice with bring some 42,500 patient visits annually to the North Hollywood based operator of physician practices based in hospitals and nursing homes. GeriCare was co-founded by Dr. Joseph Brenes, its chief clinical officer, who will continue to lead the practice.
“GeriCare has a well-established presence in Connecticut and a reputation of promoting health to the geriatric and sub-acute populations,” said IPC Chief Operating Officer R. Jeffrey Taylor.
IPC has been expanding its footprint nationally with a series of acquisitions stretching back to last decade. In May, it acquired a New York doctors group specializing in psychological medicine.
Shares closed up $1.06, or nearly 3 percent, to $42.39 on the Nasdaq.