IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired Zenith Hospitalists, LLP, based in Las Vegas, Nevada. The acquisition represents an expansion in the Nevada market, where IPC already has a well-established presence. Zenith has an annualized volume of approximately 40,000 patient encounters.
R. Jeffrey Taylor, President and COO of IPC, commented, "Zenith is a well-known and highly respected acute care practice in the Las Vegas market. Our partnership with Zenith reinforces our reputation for the high quality of care that we are committed to in the Las Vegas market, and throughout our organization."
Gnaneswer Billakanti, M.D., Partner of Zenith, said, "Zenith is pleased to be joining forces with IPC. Single-market practices such as ours are well advised to partner with a strong national company such as IPC to prepare for the uncertainties of healthcare reform. We look forward to having the financial, management and administrative support that IPC provides its physicians, in order to further enhance the valuable hospitalist services that we provide to the Las Vegas community."