EMSC Completes Acquisition of Air Ambulance Specialists, Inc.GREENWOOD VILLAGE, Colo. -- Emergency Medical Services An Emergency medical service (abbreviated to initialism "EMS" in many countries) is a service providing out-of-hospital acute care and transport to definitive care, to patients with illnesses and injuries which the patient believes constitutes a medical emergency. Corporation (NYSE NYSE See: New York Stock Exchange : EMS) today announced that it has completed its acquisition of Englewood, Colorado-based Air Ambulance air ambulance Emergency medicine A helicopter or, less commonly, a fixed wing aircraft, used to evacuate a person who requires immediate medical attention that cannot be provided at his/her current location Specialists, Inc. (AASI AASI American Association of Snowboard Instructors (affliated with Professional Ski Instructors of America) AASI Abel Assessment for Sexual Interest AASI Automobile Association of South India ). AASI is a leader in the management of domestic and international air ambulance transportation, utilizing medically equipped, fixed-wing aircraft. AASI will continue to operate under its current name as a subsidiary of EMSC's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , American Medical Response American Medical Response, Inc. (AMR) is the largest private ambulance provider in the United States. AMR and EmCare are wholly owned subsidiaries of EMSC L.P., an emergency management company held by the investment firm Onex. AMR is based out of Greenwood Village, Colorado. (AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. ). According to William A. Sanger, EMSC EMSC European-Mediterranean Seismological Centre (France) EMSC European-Mediterranean Seismological Centre EMSC Emergency Medical Services for Children EMSC Electronic Mail Standards Committee Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. : "Integration of fixed-wing air ambulance services with AMR is a natural complement to our extensive ground ambulance service network. We believe this relationship, and leveraging AMR's industry-leading competencies in logistics and call center management, will serve as an excellent platform for future expansion." Don Jones, President of AASI, added: "We are looking forward to integrating our business with that of American Medical Response, and providing bed-to-bed transport services for our patients in hundreds of communities across the nation. We believe that AASI's expansion opportunities 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 Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. Among the factors that could cause future results to differ materially from those provided in this press release are: the integration of AASI into our business; the impact on our revenue of changes in transport volume, 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 AASI's industry; and the loss of existing contracts and the accuracy of our assessment of costs under new contracts. About Emergency Medical Services Corporation Under the recognized brands of EmCare(R) and American Medical Response(R) (AMR), Emergency Medical Services Corporation, headquartered in Greenwood Village, Colorado Greenwood Village is a city in Arapahoe County, Colorado, United States. As of 2005, the city is estimated to have a total population of 12,817.[3] Geography Greenwood Village is located at (39.615888, -104. , is a leading provider of emergency medical services in the United States, serving more than nine million patients each year. EmCare provides outsourced emergency department staffing and management services to more than 335 hospitals in 39 states. American Medical Response is America's leading provider of ambulance services, with local operations in over 250 communities in 35 states. For more information, visit www.emsc.net. About American Medical Response, Inc. American Medical Response Inc. (www.amr.net), America's leading provider of medical transportation, is locally operated in 35 states. More than 18,000 AMR paramedics, EMTs and other professionals transport nearly four million patients nationwide each year in emergency, critical and non-emergency situations. Operating a fleet of approximately 4,000 vehicles, AMR is headquarted in Greenwood Village, CO. About Air Ambulance Specialists, Inc. Air Ambulance Specialists (www.airaasi.com) arranges domestic and international air ambulance transportation utilizing private, medically equipped, fixed wing aircraft. Air Ambulance Specialists arranges fixed wing air ambulance services offering bed-to-bed aeromedical aer·o·med·i·cine n. The medical study and treatment of physiological and psychological disorders associated with atmospheric or space flight. Also called aerospace medicine, aviation medicine. transport, which can include ground transportation, specialized aeromedical transport care, as well as any other incidentals necessary to a successful patient transport. Three levels of medical transport are provided: critical care, advanced life support, and basic life support. |
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