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AMERICAN MEDICAL RESPONSE REPORTS INCREASED SECOND QUARTER EARNINGS; REVENUES, EARNINGS AND EPS REACH RECORD LEVELS

 BOSTON, Aug. 5 /PRNewswire/ -- American Medical Response, Inc. (NYSE: EMT) announced today total revenue of $44.8 million for the second quarter of 1993 vs. $29.6 million for the same quarter of 1992, an increase of 51 percent. Net earnings for the quarter were $2.4 million as compared with pro forma net earnings of $1.4 million, an increase of 71 percent from the 1992 second quarter. Earnings per share were $.22 as compared with pro forma earnings per share of $.18 for the same quarter a year ago based on 11,035,618 weighted average shares outstanding vs. 7,967,563 weighted average shares outstanding during the prior period. The increase in the weighted average number of shares outstanding results from the company's initial public offering in August of 1992 and shares issued in connection with acquisitions.
 Total revenue for the six months ended June 30, 1993, were $86.2 million vs. $58.3 million for the same period of 1992, an increase of 48 percent. Net earnings for the six months ended June 30, 1993, were $4.1 million as compared with pro forma net earnings of $2.4 million, an increase of 71 percent. Earnings per share were $.38 as compared with pro forma earnings per share of $.30 for the same period a year ago based on 10,916,042 weighted average shares outstanding vs. 7,967,563 weighted average shares outstanding during the prior period.
 "Our acquisitions of beachhead operations completed since our initial public offering have been a major factor in our earnings results," commented Paul M. Verrochi, chairman and chief executive officer of American Medical Response, Inc. "An increased number of transports by all of our providers during the second quarter also contributed to the increases. During the second quarter, we also successfully completed the renegotiation of two of our California provider contracts, and the company has continued its acquisition program, with the recent completion of our first `lock-on' acquisition, Bridgeport Ambulance Service, Inc. of Bridgeport, Connecticut."
 Verrochi continued, "As our company has expanded, we have taken important steps during the second quarter to strengthen our management team and operational capabilities. Paul T. Shirley, formerly chief executive office of our subsidiary, AMR West, was appointed chief operating officer for American Medical Response, Inc. Also, Robert W. Trinkleback, formerly a corporate safety manager with Federal Express, Inc., was named corporate director of safety and health. We feel confident that these appointments will further strengthen our team as we build for the future."
 Verrochi further commented on the preliminary understanding related to the possible acquisition of a large California-based ambulance service provider, previously announced in the second quarter: "We continue to caution our investors and analysts from drawing any conclusions on this complex transaction, and anticipate that more information will be available over the next few months."
 American Medical Response is the leading provider of emergency and non-emergency ambulance services in the United States. It currently serves an aggregate population of more than 6 million people in California, Colorado, Connecticut, Delaware, Florida, Mississippi, New Jersey, Oregon and Washington. In 1992, American Medical Response responded to more than 390,000 transports in response to calls for its services. 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.
 AMERICAN MEDICAL RESPONSE, INC.
 Financial Highlights
 (In thousands, except per-share amounts)(A)
 Periods ended Three months Six months
 June 30 1993 1992(B) 1993 1992(B)
 Total revenue $44,778 $29,558 $86,190 $58,343
 Operating expenses:
 Salaries and benefits 21,630 14,387 42,279 29,114
 Uncompensated care 9,852 7,083 19,116 13,659
 Other 7,319 4,334 14,090 8,946
 Depreciation 1,194 923 2,363 1,752
 Amortization of intangibles 344 127 659 273
 Total operating expenses 40,339 26,854 78,507 53,744
 Earnings from operations 4,439 2,704 7,683 4,599
 Interest expense, net 203 261 433 532
 Earnings before income taxes 4,236 2,443 7,250 4,067
 Income taxes 1,841 1,025 3,147 1,716
 Net earnings 2,395 1,418 4,103 2,351
 Net earnings per common share $.22 $.18 $.38 $.30
 Weighted average shares
 outstanding 11,036 7,968 10,916 7,968
 (A) Amounts for all periods include the results of Randle-Eastern Ambulance Service, Inc., acquired in June 1993 and accounted for as a pooling-of-interests.
 (B) Net earnings and earnings per share for 1992 are pro forma amounts reflecting certain adjustments made 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- 8/5/93
 /CONTACT: Ronald M. Levenson, senior vp and chief accounting officer of American Medical Response, 617-261-1600, or Robert C. Hubbell of Edelman Worldwide, 212-704-8255, for American Medical Response/
 (EMT)


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

MK-JM -- PH008 -- 9789 08/05/93 10:22 EDT
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Date:Aug 5, 1993
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