Emergency Medical Services Completes Acquisition of Clinical Staffing Solutions; Announces Participation in Credit Suisse Investor Conference Nov. 16.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) ("the Company") announced today that its emergency department management services operation (EmCare) has completed its acquisition of Clinical Staffing Solutions (CSS (1) See Cascading Style Sheets. (2) (Content Scrambling System) The copy protection system applied to DVDs, which uses a 40-bit key to encrypt the movie. ). Based in Newton Square, Pa., CSS physicians provide hospitalist hos·pi·tal·ist n. A physician, usually an internist, who specializes in the care of hospitalized patients. hospitalist and specialty unit coverage at 25 programs in 14 hospitals or outpatient facilities in Pennsylvania and New Jersey. When the acquisition was announced, 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. , said, "We are excited about the addition of CSS to EmCare's inpatient services division. Their stellar growth and industry-leading operating margins will help to position EmCare to leverage increasing demand for inpatient management services in hospitals across the country." The Company estimates that the acquisition will contribute approximately $16 million in annual net revenues on $23 million of annual gross revenues. Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. Investor Conference Nov. 16 The Company announced that its management would give a presentation on the Company, followed by a question and answer session, at the Credit Suisse Investor Conference, at 3:30 p.m. Mountain Standard time, Nov. 16, 2006, in Phoenix. About Emergency Medical Services Corporation Emergency Medical Services Corporation([R]) (EMSC) is a leading provider of emergency medical services in the United States. EMSC operates two business segments: 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. , Inc. (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. ), the Company's healthcare transportation services segment, and EmCare Holdings, Inc. (EmCare), the Company's emergency department and hospital-based management services segment. AMR is the leading provider of ambulance services in the United States. EmCare is the nation's leading provider of outsourced emergency department staffing and related management services. In 2005, EMSC provided services to nearly 9 million patients in more than 2,000 communities nationwide. EMSC is headquartered in Greenwood Village, Colo. About EmCare, Inc. EmCare, Inc. and the physician groups operating under the EmCare([R]) brand are leading providers of outsourced emergency department staffing and related management services to healthcare facilities in the United States. In addition, EmCare has become one of the country's leading providers of hospitalist services. EmCare has more than 340 exclusive contracts with hospitals and independent physician groups to provide emergency department, hospitalist and radiology staffing, management and other administrative services. 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 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . 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; 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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