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AMERICAN MEDICAL RESPONSE ANNOUNCES ACQUISITION; NATION'S LEADING PROVIDER OF AMBULANCE SERVICES MAKES THIRD COLORADO ACQUISITION

 BOSTON, June 18 /PRNewswire/ -- American Medical Response, Inc. (NYSE: EMT) announced today that it has signed a letter of intent to acquire Reed Ambulances, Inc., headquartered in Denver. Reed's 1992 revenue from existing operations was approximately $8 million. Specific terms of the proposed acquisition were not disclosed.
 The completion of the transaction is subject to, among other things, negotiation of agreements and the completion of customary due diligence.
 "Today's national health-care agenda is focused on cost savings and, at the same time, improved quality care. Currently, over one-third of America's total health-care costs are administrative in nature, and our strategy is directly aimed at creating long-range savings in these important areas. We believe that our corporate strategy is consistent with the Clinton Administration's emphasis on efficient service by large-scale health-care providers. We anticipate that the acquisition of Reed will enable us over the long term to be a more efficient and effective provider of emergency ambulance services," commented Paul M. Verrochi, chairman and chief executive officer of American Medical Response.
 "Specifically, we believe that the addition of Reed will secure our position as the largest private provider in the Denver metropolitan area, and will offer the citizens of Denver and its outlying communities a higher level of service. By the integration of dispatch centers, billing systems and maintenance operations, we can lay the foundation for a more efficient delivery of emergency health care," commented Paul T. Shirley, chief operating officer of American Medical Response, Inc.
 American Medical Response is the leading provider of emergency and non-emergency prehospital care in the ambulance services industry. It currently serves an aggregate population of more than 6 million people in California, Colorado, Connecticut, Delaware, Florida, New Jersey, Mississippi, Colorado, Oregon and Washington. American Medical Response responded to more than 450,000 total emergency service calls during 1992. Through the consolidation of local service providers, American intends to expand and build its service areas and maintain its position as the country's leading ambulance service provider.
 -0- 6/18/93
 /CONTACT: James E. McGrath, director of American Medical Response, 617-261-1600; or Matthew J. Harrington of Edelman Worldwide, 212-704-8103, for American Medical Response/
 (EMT)


CO: American Medical Response, Inc.; Reed Ambulances, Inc. ST: Massachusetts, Colorado IN: HEA SU: TNM

LG-WB -- NY043 -- 3602 06/18/93 13:29 EDT
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Publication:PR Newswire
Date:Jun 18, 1993
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