IPC - The Hospitalist Co. has registered with the Securities and Exchange Commission for a proposed initial public offering of common stock.
The proposed maximum aggregate offering price for the stock is listed in a registration statement as $105 million. The initial price per share, the number of shares to be sold and the date they will be sold have not yet been released.
The North Hollywood, Calif.-based company, which was founded in 1995 and has more than 600 physician employees practicing in 14 states, had net revenue of $148 million in 2006 compared with revenue of just under $111 million in 2005 and just under $92 million in 2004, according to the registration statement. Net income, however, had fallen to just under $2.5 million in 2006, from just under $4.7 million in 2005 and just over $3.6 million in 2004. -- by Andis Robeznieks
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