Emergency Medical Services Announces Underwriters’ Exercise of Option to Purchase Additional Shares
07 Dicembre 2009 - 10:01PM
Business Wire
Emergency Medical Services Corporation (NYSE: EMS) (“EMSC” or
the “Company”) today announced that the underwriters for the
recently completed public secondary offering of EMSC’s class A
common stock have exercised in full their option to purchase an
additional 1,200,000 shares of class A common stock (the
“Additional Shares”). The purchase of these Additional Shares,
which brings the total number of shares sold by the selling
stockholders in the public secondary offering to 9,200,000 shares,
is expected to close on December 9, 2009.
EMSC will not receive any proceeds from the sale of the
Additional Shares, which were offered primarily by affiliates of
Onex Corporation (the “Onex Entities”). BofA Merrill Lynch,
Goldman, Sachs & Co. and J.P. Morgan Securities Inc. acted as
joint bookrunners for the offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities law of any such
jurisdiction.
About 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 outsourced hospital-based
physician services segment. AMR is the leading provider of
ambulance services in the United States. EmCare is a leading
provider of outsourced facility-based physician services. In 2008,
EMSC provided services to 11.4 million patients in nearly 2,100
communities nationwide. EMSC is headquartered in Greenwood Village,
Colorado. For additional information, visit www.emsc.net.
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. These statements
are subject to risks and uncertainties, including without
limitation, general market conditions, the market for the company's
securities, the performance of the company's business and other
risks detailed from time-to-time in the company's filings with the
SEC.
About the Offering
The Additional Shares of class A common stock to be sold to the
underwriters have not yet been issued. The Onex Entities currently
hold LP exchangeable units in Emergency Medical Services L.P.,
which they will exchange for shares of class B common stock. Upon
transfer, the shares of class B common stock will convert
automatically into the shares of class A common stock being sold to
the underwriters. Purchasers of the Additional Shares will receive
shares of class A common stock from EMSC's authorized capital.
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