TeamHealth acquired IPC Healthcare for $1.6bn.

TeamHealth, a leading provider of outsourced physician staffing solutions, acquired IPC Healthcare, a leading national acute hospitalist and post-acute provider organization, for $1.6bn. “We are excited to announce this strategic transaction with IPC Healthcare to create the leading physician services organization spanning multiple specialties,” said TeamHealth President and Chief Executive Officer, Mike Snow . “Through this combination, TeamHealth will be better positioned to capitalize on key trends as the U.S. healthcare industry moves toward value based reimbursement with an increased focus on post-acute care and services. Together with IPC Healthcare, we will create an industry leader in the hospital based and post-acute settings with an expanded network of services and solutions that will better support TeamHealth’s affiliated clinicians and hospital partners and drive long-term shareholder value.”