IPC THE HOSPITALIST COMPANY, INC. EXPANDS BOARD OF DIRECTORS
NORTH HOLLYWOOD, Calif., Aug. 15 /PRNewswire-FirstCall/ -- IPC The
Hospitalist Company, Inc. (Nasdaq: IPCM), a leading national hospitalist
physician group practice, today announced the election of Francesco Federico,
M.D. and Patrick G. Hays to its Board of Directors.
Dr. Federico has served as President, CEO and Director of the Lakeside
organization since 1986 -- Lakeside Systems, Inc. (2007) -- the Holding
Company; Lakeside HealthCare, Inc. (1997) -- the Management Services
organization; Lakeside Medical Group (1986) -- the Independent Practice
organization; Lakeside Medical Associates (1993) -- The Medical Group;
Lakeside Comprehensive HealthCare (2006) -- the Knox Keene Entity. Lakeside,
a comprehensive healthcare provider with a network of services throughout the
San Fernando, Santa Clarita, San Gabriel and Simi Valleys in California caring
for over 250,000 members and includes over 300 primary care physicians and
1,500 specialists, affiliations with urgent care centers, premier hospitals,
labs and other medical support services such as outpatient surgery centers and
physical therapy. Dr. Federico is board certified in internal medicine,
medical oncology and hematology. He earned a BA and MD from Harvard. Dr.
Federico also serves on the Board of Directors of California Medical Group RRG
Insurance Co., Glendale Memorial Hospital Foundation, the California
Association of Physician Groups and the Valley Community Clinic.
Mr. Hays founded Sutter Health in Sacramento, CA. in 1980, where he served
as its Chief Executive Officer for fifteen years. From 1995 until his
retirement in 2000, Mr. Hays was President and Chief Executive Officer of the
Blue Cross Blue Shield Association, the national coordinating body for the
nation's then 49 independent BC/BS plans. Mr. Hays holds a bachelor's degree
in business administration from the University of Tulsa, and a master's degree
in health administration from the University of Minnesota. He is board
certified in health care management and a Fellow of the ACHE. He currently
serves on the board of several mid-stage development healthcare companies, in
addition to Trinity Health, American Healthcare Solutions and Cain Brothers
Investment Bankers.
Adam D. Singer, M.D., Chief Executive Officer, noted, "Frank and Patrick
both bring a wealth of knowledge and expertise in the healthcare industry.
Frank brings extensive years of experience operating a large physician group
and Patrick's extensive background with health plans and large hospitals will
prove invaluable to IPC as we continue to execute on our growth strategy. We
are pleased to welcome Frank and Patrick to our board and look forward to
working with them in the future."
About IPC The Hospitalist Company
IPC The Hospitalist Company, Inc. (Nasdaq: IPCM) is a leading national
hospitalist physician group practice company focused on the delivery of
hospitalist medicine services. IPC's physicians and affiliated providers
manage the care of hospitalized patients in coordination with primary care
physicians and specialists. The Company provides its hospitalists with the
comprehensive training, information technology, and management support systems
necessary to improve the quality and reduce the cost of inpatient care in the
facilities it serves. For more information, visit the IPC website at
www.hospitalist.com.
Contacts:
Devra Shapiro Stephanie Carrington/Jared Hoffman
IPC The Hospitalist Company, Inc. The Ruth Group
(818) 766-3502 (646) 536-7017/7013
scarrington@theruthgroup.com
jhoffman@theruthgroup.com
SOURCE IPC The Hospitalist Company, Inc.