MannKind stock closed at $7.62 on June 11, slightly down from the earlier high.



IPC Expands

IPC the Hospitalist Co. Inc. announced last week that it had entered the New Jersey market with the acquisition of the hospitalist division of Affiliated Medical Associates of Morristown.

The acquisition expands the fast-growing North Hollywood company's national presence to 19 states. IPC's physicians and affiliated providers manage the care of hospital patients.

"We are very pleased to add AMAM's hospitalist division to our growing group of practices in the densely populated northeast corridor," said Chief Executive Adam Singer in a statement.

Group Grows

U.S. HealthWorks Medical Group, a Valencia chain of occupational health care centers, said it recently acquired five Medero Medical centers in Florida.

The Valencia-based company acquired two centers in Orlando, one in Leesburg and two in Tampa. The medical centers focus on providing injury and illness diagnosis and treatment, preventive services and other occupational health programs. Terms of the May 1 transaction were not disclosed.

U.S. HealthWorks, the largest operator of occupational health care centers in California now has 11 medical centers in Florida and 123 nationwide. The company moved its corporate headquarters to Valencia from Alpharetta, Ga., in 2007.

Staff reporter Deborah Crowe can be reached dcrowe@labusinessjournal.com or at (323) 549-5225, ext. 232.

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