Printer Friendly

AMERICAN MEDICAL RESPONSE ANNOUNCES ACQUISITION

 -- Nation's Leading Provider of Ambulance Services Establishes
 Base In Pacific Northwest --
 BOSTON, Nov. 20 ~PRNewswire~ -- American Medical Response, Inc., (NYSE: EMT) announced today that it has signed a letter of intent to acquire Buck Medical Services, Inc., headquartered in Portland, Ore. Buck Ambulance Services, Oregon's largest provider of pre-hospital medical care and ambulance services, had revenues of approximately $14 million in 1991. Terms of the acquisition were not disclosed.
 The completion of the transaction is subject to negotiation of a definitive agreement and the completion of customary due diligence.
 Paul M. Verrochi, chairman and chief executive officer of American Medical Response, said, "Buck's excellent record and reputation for providing the highest quality ambulance services in its community, makes it an ideal fit in our growing national network of ambulance services providers. Moreover, its excellent management team, the expertise and dedication of its employees, and its financial strength make it a valuable addition to the American Medical Response family of companies."
 Dennis Marsh, president of Buck Medical Services, said, "We are delighted to have an opportunity to become a part of American Medical Response, the premier ambulance service in the U.S. today. Its broad resources will contribute significantly to our ability to continue to grow our company and serve, in the most cost-effective manner, the people in the Pacific Northwest."
 American Medical Response is the leading provider of emergency and non-emergency pre-hospital transportation in the $4 billion ambulance services industry, and is the only publicly-owned ambulance service in the United States. It currently serves an aggregate population of more than 4.5 million people in California, Connecticut, Delaware and Mississippi. American Medical Response responded to more than 300,000 emergency service calls last year. The company had net revenues in 1991 of approximately $94 million. Through strategic acquisitions, American Medical Response intends to penetrate new areas of the country while expanding and consolidating its service in established regions.
 -0- 11~20~92
 ~CONTACT: James McGrath of American Medical Response, 617-261-1600, or Matthew Harrington of Edelman Public Relations, 212-704-8103, for American Medical Response~
 (EMT)


CO: American Medical Response, Inc. ST: Massachusetts IN: HEA SU: TNM

TM-LD -- NY005 -- 3238 11~20~92 08:31 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 20, 1992
Words:363
Previous Article:OLSTEN LAUNCHES MATURE ADVANTAGE(TM) PROGRAM
Next Article:JOY TECHNOLOGIES INC. REPORTS STRIKE AT ITS MANUFACTURING FACILITIES IN FRANKLIN, PENNSYLVANIA
Topics:


Related Articles
AMERICAN MEDICAL RESPONSE ANNOUNCES ACQUISITION; NATION'S LEADING PROVIDER OF AMBULANCE SERVICES MAKES THIRD COLORADO ACQUISITION
AMERICAN MEDICAL RESPONSE REACHES PRELIMINARY UNDERSTANDING WITH CALIFORNIA SERVICE PROVIDER
AMERICAN MEDICAL RESPONSE ANNOUNCES RECENT DEVELOPMENTS
AMERICAN MEDICAL RESPONSE SIGNS LETTER OF INTENT
AMERICAN MEDICAL RESPONSE COMPLETES TWO MAJOR ACQUISITIONS
MAM COMPLETES PRACTICE ACQUISITION, CONCLUDES MANAGEMENT AGREEMENT WITH SAN JOSE, CALIF. PHYSICIANS
AMERICAN MEDICAL RESPONSE ANNOUNCES PUBLIC-PRIVATE ALLIANCE WITH FIRE DEPT. AND SECURES FOUR-YEAR CONTRACT EXTENSION IN SANTA CLARA, CA
AMERICAN MEDICAL RESPONSE ANNOUNCES PLANNED ENTRY INTO SOUTHERN CALIFORNIA MARKET
American Medical Response Completes Merger with STAT Healthcare, Inc.; Expands Scope of Emergency and Urgent Care Services
ATTENTION BUSINESS EDITORS:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters