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IPCM > SEC Filings for IPCM > Form 8-K on 19-Aug-2013All Recent SEC Filings




Other Events, Financial Statements and Exhibits

Item 8.01. Other Events.

On August 19, 2013, IPC The Hospitalist Company, Inc. (the "Company") announced that it has signed definitive agreements with Steward Health Care System LLC (the "Steward") and its wholly-owned medical group Steward Medical Group, Inc. (the "SMG") for the provision of acute care hospitalist services. Upon the closing of the transaction, the Company will assume responsibility for the operation and management of hospitalist services at nine Steward acute care hospitals. The Company will acquire the existing hospitalist operations of SMG. The Company's combined incremental hospitalist volume from this expanded partnership is estimated at approximately 150,000 encounters on an annualized basis. Subject to completion of due diligence and other customary closing conditions, the transaction is scheduled to close in September 2013.

The Company's press release announcing the transaction is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Safe Harbor for Forward-Looking Statements

This Current Report on Form 8-K, including the copy of the press release attached hereto as Exhibit 99.1, contains forward-looking statements, including statements regarding the expected closing of IPC The Hospitalist Company's transaction with Steward and estimated encounters resulting from the expanded relationship with Steward. Forward-looking statements are subject to both known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements, and that are outside the Company's control. These risks and uncertainties include, among others: the ability of the parties to consummate the acquisition in a timely manner or at all; the satisfaction of the conditions precedent to consummation of the transaction; the effect of the announcement of the transaction on the Company's and Steward's respective businesses; the Company's ability to operate or integrate Steward's business successfully. Other risks and uncertainties that may apply are set forth in the Risk Factors section of the Company's most recently filed Annual Report on Form 10-K. The Company assumes no obligation to update any forward-looking statement contained in this Current Report on Form 8-K, including the press release attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

                  Number    Description

                  99.1      Press release dated August 19, 2013.

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