The market has overall liked IPC The Hospitalist Company (NASDAQ:IPCM) over the last several months, and their acquisition of Hospital Inpatient Management Services (HIMS) has added another feather in their cap.
Dougherty noted, "IPCM announced that it has acquired Midwest Hospital Specialists PA, Midwest Hospital Care LLC, and Peterson Management Co. (PMC), collectively known as Hospital Inpatient Management Services (HIMS)...We continue to expect IPCM shares to appreciate solidly going forward. As a result of this acquisition, continued strong execution of their core business and our revised outlook for 2011, we are raising our price target..."
Dougherty & Co keeps their "Buy" rating on IPC The Hospitalist Company, which closed Thursday at $39.58, gaining $0.87, or 2.25 percent. They raised their price target on IPC from $42 to $45.
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