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AIR METHODS AFFIRMS (PLUS)400 PERCENT INDUSTRY GROWTH RATE, PREDICTED BY WINTERGREEN RESEARCH/FROST & SULLIVAN AT 1993 INDUSTRY MEETING

 DENVER, June 15 /PRNewswire/ -- Air Methods Corp. (AMEX: ARF.EC) recently affirmed industry growth statistics predicting more than 439,000 acute care medical patients will be transported by air in 2001, up from 126,000 such patients mobilized by air in 1991. Accordingly, revenues to be generated by the air medical transport industry are expected to grow from $255 million in 1991 to more than $1.1 billion by 2001. These growth statistics were based upon independent research conducted by WinterGreen Research, an econometric project firm for Frost & Sullivan, a national healthcare marketing research corporation. These predictions were recently embraced by W. Terrance Schreier, chairman and chief executive officer, Air Methods, at the 1993 Mid-Year Conference of the Association of Air Medical Services, recently held in Phoenix.
 At this industry meeting, Schreier also reconfirmed recent analysts' revenue projections for Air Methods through fiscal year 1995. In evaluating the company's prospects for increased growth, Schreier noted that Air Methods internal projected growth through 1995 should exceed the industry expansion rate of (plus)400 percent over a 10 year period as forecasted by WinterGreen/Frost & Sullivan. He further reaffirmed that the company should meet the estimates made by the Westergaard Institutional Network regarding the future prospects for Air Methods, as published in its Feb. 11, 1993 report.
 Schreier also noted that pending healthcare reform policies could have a dramatically positive effect on the aeromedical transport industry. With increasing hospital closures anticipated to be caused by ongoing healthcare cost containment dynamics, meeting the goals of increased access, while simultaneously controlling such costs, can best be achieved by integrating emergency healthcare service providers, such as aeromedical and ground ambulance transport services. Successful operators must integrate these services, providing them to hospitals or large hospital consortiums in an increasingly cost-effective manner.
 Schreier also predicted that vertical integration of these emergency healthcare services will require aeromedical operators to provide a "continuity of care" through standardization of equipment and emergency services for both ground ambulance and air medical transport efforts. The key role operators will be called upon to play in this unfolding reform, will be that of an "independent provider," i.e. a facilitator of vertically-integrated emergency medical services. This is a role which astute, highly focused air medical operators must pioneer in the near future.
 Air Methods 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 43 hospitals in 12 states under 19 dedicated long-term operating agreements. The company utilizes only IFR-certified pilots and aircraft, including 26 helicopters and four 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- 6/15/93
 /CONTACT: W. Terrance Schreier or William H. Critchfield of Air Methods, 303-790-0587/
 (ARF)


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

BB -- DV003 -- 1933 06/15/93 08:01 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
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