10.07.2006 21:03:00
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EMSC Completes Acquisition of Air Ambulance Specialists, Inc.
According to William A. Sanger, EMSC Chairman and CEO:"Integration of fixed-wing air ambulance services with AMR is anatural complement to our extensive ground ambulance service network.We believe this relationship, and leveraging AMR's industry-leadingcompetencies in logistics and call center management, will serve as anexcellent platform for future expansion."
Don Jones, President of AASI, added: "We are looking forward tointegrating our business with that of American Medical Response, andproviding bed-to-bed transport services for our patients in hundredsof communities across the nation. We believe that AASI's expansionopportunities will be greatly enhanced now that we're an AMR company."
Forward-Looking Statements
Certain statements and information herein may be deemed to be"forward-looking statements" within the meaning of the Federal PrivateSecurities Litigation Reform Act of 1995. Forward-looking statementsmay include, but are not limited to, statements relating to ourobjectives, plans and strategies, and all statements (other thanstatements of historical facts) that address activities, events ordevelopments that we intend, expect, project, believe or anticipatewill or may occur in the future. Any forward-looking statements hereinare made as of the date of this press release, and EMSC undertakes noduty to update or revise any such statements. Forward-lookingstatements are not guarantees of future performance and are subject torisks and uncertainties. Important factors that could cause actualresults, developments and business decisions to differ materially fromforward-looking statements are described in EMSC's filings with theSEC from time to time, including in the section entitled "RiskFactors" in the Company's most recent Form 10-K. Among the factorsthat could cause future results to differ materially from thoseprovided in this press release are: the integration of AASI into ourbusiness; the impact on our revenue of changes in transport volume,mix of insured and uninsured patients, and third party reimbursementrates; potential penalties or changes to our operations if we fail tocomply with extensive and complex government regulation of ourindustry and AASI's industry; and the loss of existing contracts andthe accuracy of our assessment of costs under new contracts.
About Emergency Medical Services Corporation
Under the recognized brands of EmCare(R) and American MedicalResponse(R) (AMR), Emergency Medical Services Corporation,headquartered in Greenwood Village, Colorado, is a leading provider ofemergency medical services in the United States, serving more thannine million patients each year. EmCare provides outsourced emergencydepartment staffing and management services to more than 335 hospitalsin 39 states. American Medical Response is America's leading providerof ambulance services, with local operations in over 250 communitiesin 35 states. For more information, visit www.emsc.net.
About American Medical Response, Inc.
American Medical Response Inc. (www.amr.net), America's leadingprovider of medical transportation, is locally operated in 35 states.More than 18,000 AMR paramedics, EMTs and other professionalstransport nearly four million patients nationwide each year inemergency, critical and non-emergency situations. Operating a fleet ofapproximately 4,000 vehicles, AMR is headquarted in Greenwood Village,CO.
About Air Ambulance Specialists, Inc.
Air Ambulance Specialists (www.airaasi.com) arranges domestic andinternational air ambulance transportation utilizing private,medically equipped, fixed wing aircraft. Air Ambulance Specialistsarranges fixed wing air ambulance services offering bed-to-bedaeromedical transport, which can include ground transportation,specialized aeromedical transport care, as well as any otherincidentals necessary to a successful patient transport. Three levelsof medical transport are provided: critical care, advanced lifesupport, and basic life support.
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