Emergency Medical Services Corporation (NYSE: EMS) (the “Company”) today announced that its American Medical Response, Inc. (AMR) subsidiary has entered into an agreement as a national managed transportation provider for non-emergency medical transportation services and non-emergency medical transportation management services with Golden Living. Golden Living is a leading provider of short-term post-acute and long-term care.
Under the agreement, AMR initially will implement a pilot program in each of the four Golden Living divisions. When fully implemented, AMR will provide services to 350 Golden Living nursing homes and assisted-living facilities in 22 states. The relationship is expected to generate approximately $9.0 million in new annual net revenue and a positive margin consistent with the Company’s other non-emergency transportation services.
EMSC Chairman and CEO William A. Sanger said: “We're very pleased with the expansion of our relationship with Golden Living. This agreement is another example of the Company implementing its strategy to leverage organic growth opportunities using the significant scale and scope of both our technology, including AMR's proprietary Access2Care managed transportation software, and our record of quality service. Access2Care's powerful rules-based software helps assure that AMR provides Golden Living residents the right level of care and transportation, at the right time, for each resident.”
According to Ramon Rodriguez, Golden Living Senior Vice President: “Our approach to healthcare draws on our decades of experience … emphasizing teamwork and personal involvement to ensure the highest level of care for our residents. Our new ability to manage the transportation to and from our facilities lends a whole new definition to the continuum of care — we feel fortunate to work in a business that's all about making a difference in other people’s lives.”
About Emergency Medical Services Corporation
Emergency Medical Services Corporation (EMSC) (www.emsc.net) is a leading provider of emergency medical services in the United States. EMSC operates two business segments: American Medical Response, Inc. (AMR), the Company’s healthcare transportation services segment, and EmCare Holdings, Inc. (EmCare), the Company’s emergency department and hospital-based management services segment. AMR is the leading provider of ambulance services in the United States. EmCare is the nation’s leading provider of outsourced emergency department staffing and related management services. In 2007, EMSC provided services to 10 million patients in more than 2,000 communities nationwide. EMSC is headquartered in Greenwood Village, Colorado.
About American Medical Response
American Medical Response Inc. (www.amr.net), America’s leading provider of medical transportation, is locally operated in 37 states and the District of Columbia. AMR’s 18,500 paramedics, EMTs and other professionals transport more than four million patients nationwide each year in critical, emergency and non-emergency situations. Operating a fleet of approximately 4,500 vehicles, AMR, a subsidiary of Emergency Medical Services Corporation, is headquartered in Greenwood Village, Colorado.
Forward-Looking Statements
Certain statements and information herein may be deemed to be "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements relating to our objectives, plans and strategies, and all statements (other than statements of historical facts) that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future. Any forward-looking statements herein are made as of the date of this press release, and EMSC undertakes no duty to update or revise any such statements. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Important factors that could cause actual results, developments and business decisions to differ materially from forward-looking statements are described in EMSC's filings with the SEC from time to time, including in the section entitled "Risk Factors" in the Company's most recent Form 10-K. Among the factors that could cause future results to differ materially from those provided in this press release are: the impact on our revenue of changes in transport volume, mix of insured and uninsured patients, and third party reimbursement rates; potential penalties or changes to our operations if we fail to comply with extensive and complex government regulation of our industry; and the loss of existing contracts and the accuracy of our assessment of costs under new contracts.