IPC The Hospitalist Co. Acquires Senior Care of Colorado (IPCM)

Jefferies published its research report today on IPC The Hospitalist Co. IPCM after IPCM acquired Senior Care of Colorado. According to the report SCOC employs around 50 physicians, generates 200,000 patient encounters, and services 200 facilities in the Denver-metro area. In a note to clients, Jefferies writes, "IPCM continues to build its presence in the post-acute sector as providers respond to new operational challenges and clinical demands. With the company's M&A pipeline red hot at the moment, we could see another acquisition announcement before year-end. Reiterate Buy; raising PT to $41 (from $39)." IPCM closed yesterday at $34.12.