Emergency Medical Services Announces Radiology Staffing Contracts with Erlanger Health System (TN), Alameda County Medical Cente
29 Maggio 2007 - 8:46PM
Business Wire
Emergency Medical Services Corporation (NYSE: EMS)(�The Company�)
announced today that its EmCare segment has entered into new
agreements to provide radiology staffing and services for two
leading healthcare systems. In Chattanooga, Tenn., EmCare�s
radiology services operation, RadCare, has entered into a
three-year agreement to provide radiology services for Erlanger
Health System. RadCare was one of six providers being considered by
Erlanger. Under the agreement, RadCare will provide radiologist
staffing to perform approximately 300,000 radiology studies
annually for several sites. Services are scheduled to begin July 1,
2007. Erlanger, a public, not-for-profit system of five hospitals,
is a level 1 trauma health system. Founded in 1891, Erlanger Health
System is affiliated with the University of Tennessee College of
Medicine. Under a separate agreement, RadCare began providing
radiology staffing and services for Alameda County Medical Center
in Oakland, Calif. RadCare�s radiologists will perform
approximately 80,000 studies annually under the three-year
agreement, which went into effect May 1, 2007. Alameda County
Medical Center operates Highland Hospital and John George
Psychiatric Pavilion, as well as facilities providing
rehabilitation, long-term care and a wide range of out-patient
clinic appointments. James Murphy, RadCare Chief Operating Officer,
said, �We are pleased to have the opportunity to partner with these
fine healthcare systems to provide high-quality radiology staffing
and services. RadCare continues to see growth and demand for
outsourced radiology services from hospitals seeking to contain
expenses and improve radiology services.� The Company anticipates
that combined annual net revenue for the two new agreements will be
approximately $13.0 million. About Emergency Medical Services
Corporation Under the recognized brands of EmCare� and American
Medical Response� (AMR), Emergency Medical Services Corporation,
headquartered in Greenwood Village, Colo., is a leading provider of
emergency medical services in the United States, serving more than
9 million patients each year. EmCare provides outsourced emergency
department staffing and management services to more than 350
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 and the District of Columbia. For
more information, visit www.emsc.net. About RadCare RadCare is a
full-service radiology department management services provider to
hospitals and imaging centers. Founded in 2003, RadCare provides
physician staffing, imaging technology and related administrative
support services. RadCare, based in Dallas, Texas, is part of the
EmCare group of companies. 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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