Printer Friendly

AIR METHODS TO BENEFIT FROM CHANGES OUTLINED IN PRESIDENT CLINTON'S PROPOSED HEALTH CARE REFORM LEGISLATION

 White House Proposes National Health Care Program Specifying the
 Inclusion of Air Medical Emergency Transport Services as a
 Guaranteed Health Care Benefit
 DENVER, Oct. 12 /PRNewswire/ -- Air Methods Corp. (NASDAQ-NMS: AIRM) the nation's largest exclusive provider of air medical services and systems, forecasts substantial growth for the company as well as the air medical transport industry through the end of this decade based on President Clinton's proposed national health care reform initiatives recently submitted to Congress. Specifically, the President's proposed health care reform legislation, entitled "The American Health Security Act of 1993" includes a list of mandated health care benefits to be provided to all Americans. Included among these nationally guaranteed benefits are "air ambulance services" such as those provided by Air Methods. By explicitly affirming the inclusion of air ambulance services in the menu of guaranteed universal health care benefits, the President has expressly confirmed the importance of air medical transport services rendered by companies such as Air Methods.
 As recently noted, the company continues to fortify its leadership position within the air medical industry by simultaneously evaluating several synergistic acquisition and joint venture opportunities, to enhance and expand its own range of services and operations. The acquisition of Golden Eagle Aviation Inc. of Denver in September of this year, illustrates the company's commitment to identifying and capitalizing dynamic integration prospects. Further announcements may be expected to this end over the next several weeks.
 In addition, Air Methods participated in the annual convention of the Association of Air Medical Services ("AAMS") recently held in St. Louis. During last week's AAMS conference proceedings, the AAMS membership adopted an industry-wide position embracing President Clinton's national health care reform initiatives which favorably impact companies such as Air Methods. Copies of the AAMS announcement and the industry's position paper are available from Air Methods.
 Air Methods Corp. is the largest exclusive provider of state-of-the- art emergency air medical transportation systems and services to hospitals throughout the United States. Air Methods now serves 54 hospitals in 14 states under 21 dedicated long-term operating agreements. The company utilizes only Instrument Flight Rules (IFR)- certified pilots and aircraft, including 30 helicopters and 12 airplanes, to perform these services. In addition, Air Methods offers completely integrated airborne medical systems for administering intensive care to patients while flying to a trauma center or a tertiary care facility, either from outlying hospitals or the scene of an accident.
 -0- 10/12/93
 /CONTACT: W. Terrance Schreier, chairman & CEO of Air Methods, 303-790-0587; or Malcolm McGuire of CCRI, 800-828-0406/
 (AIRM)


CO: Air Methods Corp. ST: Colorado IN: HEA AIR SU:

JL-LM -- LA005 -- 0920 10/12/93 08:01 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 12, 1993
Words:439
Previous Article:CATALINA LIGHTING AGREES TO ACQUIRE THE WESTWOOD COMPANY
Next Article:SUMMIT SUBMITS PMA APPLICATION TO FDA FOR TREATMENT OF MYOPIA
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters