IPC Secures Second Round of Venture Capital Funds

IPC, North Hollywood, announced it has secured a second round of venture capital funding to support its rapid-growth strategy. IPC secured $12.5 million in Series B funding from BankAmerica Ventures, CB Health Ventures, Morgenthaler Venture Partners and Bessemer Venture Partners.

Founded in 1995, IPC is one of the largest independent hospitalist companies in the country. One of the fastest-growing segments of the physician management market, hospitalists are acute-care specialists who focus on the patient’s hospital and/or sub-acute care.