Emergency Medical Services Completes Acquisition of Clinical Staffing Solutions; Announces Participation in Credit Suisse Invest
14 Novembre 2006 - 12:37AM
Business Wire
Emergency Medical Services Corporation (NYSE: EMS) (�the Company�)
announced today that its emergency department management services
operation (EmCare) has completed its acquisition of Clinical
Staffing Solutions (CSS). Based in Newton Square, Pa., CSS
physicians provide hospitalist and specialty unit coverage at 25
programs in 14 hospitals or outpatient facilities in Pennsylvania
and New Jersey. When the acquisition was announced, William A.
Sanger, EMSC Chairman and CEO, said, �We are excited about the
addition of CSS to EmCare�s inpatient services division. Their
stellar growth and industry-leading operating margins will help to
position EmCare to leverage increasing demand for inpatient
management services in hospitals across the country.� The Company
estimates that the acquisition will contribute approximately $16
million in annual net revenues on $23 million of annual gross
revenues. Credit Suisse Investor Conference Nov. 16 The Company
announced that its management would give a presentation on the
Company, followed by a question and answer session, at the Credit
Suisse Investor Conference, at 3:30 p.m. Mountain Standard time,
Nov. 16, 2006, in Phoenix. About Emergency Medical Services
Corporation Emergency Medical Services Corporation� (EMSC) is a
leading provider of emergency medical services in the United
States. EMSC operates two business segments: American Medical
Response, Inc. (AMR), the Company�s healthcare transportation
services segment, and EmCare Holdings, Inc. (EmCare), the Company�s
emergency department and hospital-based management services
segment. AMR is the leading provider of ambulance services in the
United States. EmCare is the nation�s leading provider of
outsourced emergency department staffing and related management
services. In 2005, EMSC provided services to nearly 9 million
patients in more than 2,000 communities nationwide. EMSC is
headquartered in Greenwood Village, Colo. About EmCare, Inc.
EmCare, Inc. and the physician groups operating under the EmCare�
brand�are leading providers of outsourced emergency department
staffing and related management services to healthcare facilities
in the United States. In addition, EmCare has become one of the
country�s leading providers of hospitalist services. EmCare has
more than 340 exclusive contracts with hospitals and independent
physician groups to provide emergency department, hospitalist and
radiology staffing, management and other administrative services.
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) ("the
Company") announced today that its emergency department management
services operation (EmCare) has completed its acquisition of
Clinical Staffing Solutions (CSS). Based in Newton Square, Pa., CSS
physicians provide hospitalist and specialty unit coverage at 25
programs in 14 hospitals or outpatient facilities in Pennsylvania
and New Jersey. When the acquisition was announced, William A.
Sanger, EMSC Chairman and CEO, said, "We are excited about the
addition of CSS to EmCare's inpatient services division. Their
stellar growth and industry-leading operating margins will help to
position EmCare to leverage increasing demand for inpatient
management services in hospitals across the country." The Company
estimates that the acquisition will contribute approximately $16
million in annual net revenues on $23 million of annual gross
revenues. Credit Suisse Investor Conference Nov. 16 The Company
announced that its management would give a presentation on the
Company, followed by a question and answer session, at the Credit
Suisse Investor Conference, at 3:30 p.m. Mountain Standard time,
Nov. 16, 2006, in Phoenix. About Emergency Medical Services
Corporation Emergency Medical Services Corporation(R) (EMSC) is a
leading provider of emergency medical services in the United
States. EMSC operates two business segments: American Medical
Response, Inc. (AMR), the Company's healthcare transportation
services segment, and EmCare Holdings, Inc. (EmCare), the Company's
emergency department and hospital-based management services
segment. AMR is the leading provider of ambulance services in the
United States. EmCare is the nation's leading provider of
outsourced emergency department staffing and related management
services. In 2005, EMSC provided services to nearly 9 million
patients in more than 2,000 communities nationwide. EMSC is
headquartered in Greenwood Village, Colo. About EmCare, Inc.
EmCare, Inc. and the physician groups operating under the EmCare(R)
brand are leading providers of outsourced emergency department
staffing and related management services to healthcare facilities
in the United States. In addition, EmCare has become one of the
country's leading providers of hospitalist services. EmCare has
more than 340 exclusive contracts with hospitals and independent
physician groups to provide emergency department, hospitalist and
radiology staffing, management and other administrative services.
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.
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