EMSC Completes Acquisitions
08 Giugno 2010 - 10:25PM
Business Wire
Emergency Medical Services Corporation (NYSE: EMS) (the
“Company”) announced that it has completed its acquisition of the
anesthesia services companies associated with Clinical Partners,
P.A. (CPPA). AnesthesiaCare has been providing management services
to CPPA providers since purchasing management services and billing
entities from CPPA in 2008. The CPPA anesthesia services companies
are now a part of AnesthesiaCare.
The transaction was completed on June 4, 2010, and the
associated contracts are expected to contribute annual net revenue
of $80 million.
The Company also announced that it has completed its acquisition
of Gold Coast Ambulance Service, based in Oxnard, California. The
transaction was completed on May 28, 2010. Now a wholly owned
subsidiary of American Medical Response, Gold Coast provides
emergency and non-emergency ambulance services in southwest Ventura
County. The Company expects the acquisition to contribute
approximately $8 million in annual net revenue and approximately
18,000 transports. AMR and Gold Coast Ambulance will continue to
operate under their respective brands in the Ventura County
market.
William A. Sanger, EMSC Chairman and Chief Executive Officer,
said, “These acquisitions support our strategies to expand medical
transportation services into contiguous markets, and to grow our
service lines to meet increasing demand for outsourced
facility-based physician services.”
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 facility-based
physician services segment. AMR is the leading provider of
ambulance services in the United States. EmCare is a leading
provider of physician services to healthcare facilities. In 2009,
EMSC provided services in 13.0 million patient encounters in more
than 2,200 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. 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 and subsequent periodic reports. Among the
factors that could cause future results to differ materially from
those provided in this press release are: the integration of newly
acquired entities into our business, the impact on our revenue of
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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