IPC The Hospitalist Co. acquires two Florida practices IPC The Hospitalist Company announced that it has acquired two acute care hospitalist practices on Florida's west coast: Naples-based Neapolitan Inpatient Care, and Venetian Hospitalist Services, headquartered in Venice. These transactions represent a further expansion for IPC in southwest Florida, where the company already has an established presence. IPC has completed five transactions in Florida in 2013. The combined practices represent an annualized volume of approximately 30,000 patient encounters.
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IPC Healthcare upgraded to Buy from Hold at Jefferies Jefferies upgraded IPC Healthcare to Buy saying potential upside from the Medicare Bundled Payments for Care Improvement program is not adequately reflected in the stock price. The firm raised its price target for shares to $70.