IPC Buys Florida Physician Group

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IPC The Hospitalist Company Inc. said Monday it made its 10th acquisition of the year, buying National Medical Affiliates Inc. in Punta Gorda, Fla. for an undisclosed amount.

North Hollywood-based IPC, which manages hospital-based physician practices, said the acquisition increases its presence in the southwest Florida market.

“As an in-market acquisition, NMA brings added efficiencies to our operations and considerably strengthens our position in this important market,” said Chief Executive Adam Singer in a statement.

IPC shares were up 2 cents, or less than 1 percent, to $15 in morning trading on the Nasdaq despite an overall market downturn.

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