EMSC Signs Medical Transportation Management Agreement with Texas D.O.T.
02 Giugno 2006 - 1:16AM
Business Wire
Emergency Medical Services Corporation (NYSE: EMS) today announced
that the Company has recently added new services. Its American
Medical Response (AMR) subsidiary is expanding its expertise in
managing non-emergency transportation to include Medicaid Managed
Transportation services. The Company received notice of the award
from the Texas Department of Transportation. This award signals the
Company's entrance into a developing market currently dominated by
a limited number of providers. AMR will provide management of
non-emergency transportation services for Medicaid clients in four
of Texas' largest geographical service areas covering some of the
state's largest population centers. According to William A. Sanger,
Chairman and CEO, "As the nation's leading manager and provider of
ambulance services, we view the business of managing non-emergency
medical transportation - or NET - associated with a state's
Medicaid requirements as a perfect extension of our core
competencies and vast experience in logistics and call center
management. We dispatch thousands of calls daily from AMR's
sophisticated call centers across the country. Our extensive
call-center network offers clients high-quality, cost-effective
medical transportation management services for their patients,"
Sanger continued. The Company anticipates the Texas contract will
contribute annual revenue of approximately $14 million. Nationwide,
companies providing NET management services associated with state
Medicaid programs generate approximately $750 million in annual
revenue. Sanger concluded, "This is a growing opportunity, as more
states are outsourcing this needed service to private providers.
The Company will continue to respond to RFP's from other states as
those opportunities arise." Forward-Looking Statements Certain
statements and information herein may be deemed to be
"forward-looking statements" within the meaning of the Federal
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may include, but are not limited to, statements relating
to our objectives, plans and strategies, and all statements (other
than statements of historical facts) that address activities,
events or developments that we intend, expect, project, believe or
anticipate will or may occur in the future. Any forward-looking
statements herein are made as of the date of this press release,
and EMSC undertakes no duty to update or revise any such
statements. Forward- looking statements are not guarantees of
future performance and are subject to risks and uncertainties.
Important factors that could cause actual results, developments and
business decisions to differ materially from forward-looking
statements are described in EMSC's filings with the SEC from time
to time, including in the section entitled "Risk Factors" in the
Company's most recent Form 10-K. Among the factors that could cause
future results to differ materially from those provided in this
press release are: the impact on our revenue of changes in
transport volume, mix of insured and uninsured patients, and third
party reimbursement rates; potential penalties or changes to our
operations if we fail to comply with extensive and complex
government regulation of our industry; and the loss of existing
contracts and the accuracy of our assessment of costs under new
contracts. About Emergency Medical Services Corporation Under the
recognized brands of EmCare(R) and American Medical Response(R)
(AMR), Emergency Medical Services Corporation, headquartered in
Greenwood Village, Colorado, is a leading provider of emergency
medical services in the United States, serving more than nine
million patients each year. EmCare provides outsourced emergency
department staffing and management services to more than 335
hospitals in 39 states. American Medical Response is America's
leading provider of ambulance services, with local operations in
over 250 communities in 35 states. For more information, visit
www.emsc.net.
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