IPC The Hospitalist Co. acquires Midwest Acute Care Consultants IPC The Hospitalist Company announced that it has acquired Midwest Acute Care Consultants, P.C. (MACC). Headquartered in St. Louis, Missouri, MACC provides critical care services to intensive care units at five acute care hospitals in the greater St. Louis area.
IPC Healthcare upgraded to Overweight from Sector Weight at KeyBanc KeyBanc upgraded IPC Healthcare to Overweight with a $56 price target to reflect participation in Medicare's BPCI initiative, growing strategic value of hospitals in managing costs, reduced Street expectations, and valuation. The firm sees a $10M-$30M in EBITDA annually by participating in Medicare's BPI initiative.