Emergency Medical Services Confirms Review of Strategic Alternatives
14 Dicembre 2010 - 5:07PM
Business Wire
Emergency Medical Services Corporation (NYSE: EMS) (EMSC or the
Company) today announced that it is reviewing various strategic
alternatives to enhance stockholder value.
The Company has not set a definitive timetable for completion of
its review and there can be no assurance that this process will
lead to the approval or completion of any transaction. The Company
does not intend to disclose developments regarding this process
unless and until its Board of Directors approves a specific
transaction or otherwise concludes its review of strategic
alternatives.
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 Annual Report on 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 impact on our revenue of changes in transport volume, mix of
insured and uninsured patients, and third party reimbursement rates
and methods; the adequacy of our insurance coverage and insurance
reserves; potential penalties or changes to our operations if we
fail to comply with extensive and complex government regulation of
our industry; the impact of changes in the healthcare industry; our
ability to recruit and retain qualified physicians and other
healthcare professionals, and enforce our non-compete agreements
with our physicians; our ability to generate cash flow to service
our debt obligations; the cost of capital expenditures to maintain
and upgrade our vehicle fleet and medical equipment; the loss
of one or more members of our senior management team; the outcome
of government investigations of certain of our business practices;
our ability to successfully restructure our operations to comply
with future changes in government regulation; the loss of existing
contracts and the accuracy of our assessment of costs under new
contracts; the high level of competition in our industry; our
ability to maintain or implement complex information systems; our
ability to implement our business strategy; our ability to
successfully integrate strategic acquisitions; and our ability to
comply with the terms of our settlement agreements with the
government.
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