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 BOSTON, Sept. 23 /PRNewswire/ -- American Medical Response, Inc. (NYSE: EMT), the nation's leading provider of ambulance services, announced today that it has signed a Letter of Intent to acquire Life Medical Industries, Inc., headquartered in Stockton, Calif. Life Medical, which serves the San Joaquin County area, had revenues of approximately $4.5 million in 1992. Specific terms of the proposed acquisition were not disclosed.
 The completion of the transaction is subject to, among other things, negotiation of definitive agreements and the completion of customary due diligence.
 "In our strategic review of the industry, we came to the conclusion that a business combination would help us continue our growth by providing important additional managerial, financial and operational resources," said Louis K. Meyer, chief executive officer of Life Medical Industries, Inc. "With American as a partner, we will continue to be able to provide the kind of quality service that we have delivered to the citizens of San Joaquin County since 1967. We're simply delighted to join the American team."
 "We are excited about the opportunity to add Life Medical Industries to our expanding service base in California," commented Paul M. Verrochi, chairman, chief executive officer and president of American Medical Response, Inc. "This is another example of an industry leader joining our team. Lou Meyer, who is president of the California Ambulance Association and a member of the state's Emergency Medical Services Commission, and his partners, Michael Nilssen and JoAnn Hodge, have together built an outstanding organization based on quality first."
 Separately, the company said that on Sept. 21, 1993 it was notified by the Denver Regional Office of the Federal Trade Commission (FTC) that the FTC is conducting a preliminary inquiry of the facts and circumstances concerning the company's recent acquisition of Reed Ambulances, Inc. to determine whether the Reed acquisition in the Denver metropolitan area complied with federal antitrust laws. The FTC has requested that the company provide certain information to it and the company is currently evaluating the request and preparing its response. During the first six months of 1993, Reed had revenues of approximately $4.8 million.
 American Medical Response is the leading provider of emergency and non-emergency ambulance services in the United States. The company currently provides ambulance services in Northern California; South Central Connecticut; Northern Delaware and Southern New Jersey; Southern and Central Mississippi; Portland, Ore. and surrounding areas, Central Colorado and Dade County, Fla. The company's growth strategy is focused on acquiring new businesses, expanding existing operations, improving the quality and efficiency of operations, and promoting and capitalizing on the expertise of the operating executives of its providers.
 -0- 9/23/93
 /CONTACT: James F. McGrath, director, or Ronald M. Levenson, senior vice president and chief accounting officer, 617-261-1600, of American Medical Response/
 (EMT) CO: American Medical Response, Inc. ST: Massachusetts IN: HEA SU:

TS-SH -- NY017 -- 5100 09/23/93 10:20 EDT
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Publication:PR Newswire
Date:Sep 23, 1993

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