IPC The Hospitalist Co. Inc. is acquiring Total Inpatient Services in Sugar Land, Texas.
The North Hollywood company, which manages doctors who specialize in caring for inpatients during admission and following discharge, already has a presence in nearby Houston. Total Inpatient Services will add about 30,000 patient visits a year.
“TIPS has pursued a strategy of practicing in both acute care and post-acute facilities, which melds perfectly with IPC's philosophy of providing inpatient care across the spectrum of facility types,” said IPC President R. Jeffrey Taylor, in a statement. “Our new relationship with TIPS directly enhances our reputation for the high quality of care that we are committed to in the Houston market."
Shares closed up 47 cents, or more than 1 percent, to $41.92 on the Nasdaq.