IPC Gets $9.25 Million in New Capital Funding

IPC, based in North Hollywood, has secured a third round of venture capital funding.

IPC secured $9.25 million from BankAmerica Ventures, CB Health Ventures, Morgenthaler Venture Partners and Bessemer Venture Partners. All four companies participated in IPC’s $12.5-million second round of funding in 1999.

Morgenthaler and Bessemer were also participants in Series A funding in 1998, along with the Crucible Group and Piper Jaffray.

IPC manages hospital care and expenses. The company employs about 150 physicians and works with more than 4,000 referring physicians and over 1,000 health plans nationwide.