American Medical Response Announces Settlement of Investigation
05 Ottobre 2006 - 11:30PM
Business Wire
Emergency Medical Services Corporation (NYSE: EMS) today announced
that its subsidiary, American Medical Response, Inc. (AMR or the
�Company�), has entered into a settlement with the U.S. Department
of Justice (DOJ) in connection with an investigation into alleged
Company conduct occurring in periods prior to 2002. The DOJ alleged
that AMR provided discounted transports to various healthcare
facilities in the state of Texas in exchange for referrals of
transports from the facilities from 1994 through 2001, a period
during which AMR was under different ownership and management.
Under the terms of the settlement, AMR paid $9,000,000 to the
federal Government, and entered into a corporate integrity
agreement with the Office of Inspector General. The Company fully
reserved for its portion of the settlement in prior reporting
periods. In addition, a significant portion of the settlement has
been indemnified by AMR�s prior owner pursuant to the sale of the
Company in 2005. The Company entered into the settlement in order
to avoid the uncertainties of litigation, and has not admitted any
wrongdoing. Commenting on the settlement, William A. Sanger,
Chairman and CEO of AMR�s parent company, EMSC, said, �We are
pleased that we were able to resolve this matter with the
Government. AMR cooperated fully with the Government during the
course of its inquiry into prior conduct of the Company, and we
believe it is in AMR�s best interest to put this matter behind us.�
Sanger added, �We maintain an active compliance program nationwide,
and we believe the requirements of the CIA are consistent with our
existing compliance program. We remain committed to conducting our
business in a manner consistent with applicable laws and ethical
practices.� About Emergency Medical Services Corporation Under the
recognized brands of EmCare� and American Medical Response� (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 36 states. For more information, visit www.emsc.net. About
American Medical Response American Medical Response Inc.
(www.amr.net), America�s leading provider of medical
transportation, is locally operated in 36 states and the District
of Columbia. More than 18,000 AMR paramedics, EMTs and other
professionals transport nearly four million patients nationwide
each year in emergency, critical and non-emergency situations.
Operating a fleet of approximately 4,000 vehicles, AMR is
headquartered in Greenwood Village, CO. 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 Annual Report on 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. Emergency Medical Services Corporation (NYSE: EMS) today
announced that its subsidiary, American Medical Response, Inc. (AMR
or the "Company"), has entered into a settlement with the U.S.
Department of Justice (DOJ) in connection with an investigation
into alleged Company conduct occurring in periods prior to 2002.
The DOJ alleged that AMR provided discounted transports to various
healthcare facilities in the state of Texas in exchange for
referrals of transports from the facilities from 1994 through 2001,
a period during which AMR was under different ownership and
management. Under the terms of the settlement, AMR paid $9,000,000
to the federal Government, and entered into a corporate integrity
agreement with the Office of Inspector General. The Company fully
reserved for its portion of the settlement in prior reporting
periods. In addition, a significant portion of the settlement has
been indemnified by AMR's prior owner pursuant to the sale of the
Company in 2005. The Company entered into the settlement in order
to avoid the uncertainties of litigation, and has not admitted any
wrongdoing. Commenting on the settlement, William A. Sanger,
Chairman and CEO of AMR's parent company, EMSC, said, "We are
pleased that we were able to resolve this matter with the
Government. AMR cooperated fully with the Government during the
course of its inquiry into prior conduct of the Company, and we
believe it is in AMR's best interest to put this matter behind us."
Sanger added, "We maintain an active compliance program nationwide,
and we believe the requirements of the CIA are consistent with our
existing compliance program. We remain committed to conducting our
business in a manner consistent with applicable laws and ethical
practices." 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 36 states. For more information, visit
www.emsc.net. About American Medical Response American Medical
Response Inc. (www.amr.net), America's leading provider of medical
transportation, is locally operated in 36 states and the District
of Columbia. More than 18,000 AMR paramedics, EMTs and other
professionals transport nearly four million patients nationwide
each year in emergency, critical and non-emergency situations.
Operating a fleet of approximately 4,000 vehicles, AMR is
headquartered in Greenwood Village, CO. 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 Annual Report on 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.
Grafico Azioni Emergency medical (NYSE:EMS)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Emergency medical (NYSE:EMS)
Storico
Da Lug 2023 a Lug 2024