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AMERICAN MEDICAL RESPONSE REPORTS EARNINGS INCREASE FOR 1992

 BOSTON, March 1 /PRNewswire/ -- American Medical Response, Inc. (NYSE: EMT) announced today total 1992 revenues of $106.4 million, an increase of 13.1 percent, as compared with $94.1 million for 1991. On a pro forma basis, net earnings were $5.7 million as compared with $4.3 million, an increase of 31.7 percent. On a pro forma basis, earnings per share were $0.67, as compared with $0.57 for 1991, based on 8,446,730 weighted average shares outstanding vs. 7,576,089 weighted average shares outstanding prior to the initial public offering.
 For the fourth quarter, American reported total revenues of $28.1 million vs. $26.0 million for the same period in 1991, an increase of 7.9 percent. Net earnings were $1.6 million as compared with pro forma net earnings of $1.4 million, an increase of 14.7 percent. Earnings per share were $0.16 as compared with $0.19 for the same quarter last year, based on 9,887,746 weighted average shares outstanding vs. 7,576,089 weighted average shares outstanding in the prior period.
 Paul M. Verrochi, chairman and chief executive officer, said, "1992 was an outstanding year of accomplishment for American Medical Response. In addition to reporting earnings that are in keeping with expectations, we have augmented our growth by completing three significant "beachhead acquisitions" in important new regions and winning a new service contract. We believe that our company is off to a terrific start and has already become a model for the industry." Mr. Verrochi continued, "We look forward to building upon this foundation and recording continued success in 1993."
 American Medical Response is the leading provider of emergency and non-emergency pre-hospital care in the nearly $5 billion ambulance services industry, and is the only publicly owned ambulance service company in the United States. It currently serves an aggregate population of more than 5 million people in California, Connecticut, Delaware, New Jersey, Mississippi, Colorado, Oregon and Washington. American Medical Response responded to more than 400,000 emergency service calls during 1992. Through strategic acquisitions, American Medical Response intends to penetrate new areas of the country by expanding its established regions and consolidating operations.
 AMERICAN MEDICAL RESPONSE, INC.
 Financial Highlights
 (In thousands, except per-share amounts)
 Periods ended Year Three months
 Dec. 31, 1992 1991 1992 1991
 Net revenues $106,433 $94,104 $28,095 $26,043
 Pro forma net
 earnings(A) 5,670 4,306 1,623 1,415
 Pro forma earns.
 per share $ 0.67 $0.57 $0.16 $0.19
 Wtd. avg. shares
 outstanding 8,447 7,576 9,888 7,576
 (A) -- Certain adjustments have been made to net earnings to reflect income taxes that would have been payable if one of the company's subsidiaries had been subject to corporate income taxes on an ongoing basis.
 -0- 3/1/93
 /CONTACT: Ronald M. Levenson, senior vice president and chief accounting officer 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. ST: Massachusetts IN: HEA SU: ERN

CK-SR -- NY024 -- 1299 03/01/93 10:11 EST
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Publication:PR Newswire
Date:Mar 1, 1993
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