Emergency Medical Services Corporation (NYSE: EMS) (the “Company”) today announced that it has entered into an agreement as a national provider of hospital-based physician services (emergency department, hospitalist, anesthesiology and radiology), to Community Health Systems Professional Services Corporation (CHSPSC) and Quorum Health Resources, LLC (QHR), wholly owned subsidiaries of Community Health Systems, Inc. The organization’s affiliates own, operate or lease more than 110 hospitals in 28 states and provide hospital management, consulting and advisory services to more than 160 independent community hospitals and health systems throughout the U.S.
Under the terms of the 3-year agreements with CHSPSC and QHR, facilities may contract for services with EmCare, and will benefit from preferred pricing for certain services provided under the agreement, with opportunities for additional cost savings as more agreements are entered into for hospital-based services.
William A. Sanger, EMSC Chairman and Chief Executive Officer, said, “We are pleased to strengthen our partnership with CHS. EmCare has been a service provider to CHSPSC for many years. This is the third national contract we have announced this year, and it reflects the value we can bring to healthcare systems, facilities and insurers.”
About Emergency Medical Services Corporation
Emergency Medical Services Corporation (EMSC) 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 10.6 million patients in more than 2,000 communities nationwide. EMSC is headquartered in Greenwood Village, Colorado.
About EmCare, Inc.
EmCare, Inc. and the physician groups operating under the EmCare(R) brand are leading providers of outsourced emergency department and hospital-based physician services to healthcare facilities in the United States. EmCare has more than 400 exclusive contracts with hospitals and independent physician groups to provide emergency department, anesthesiology, hospitalist and radiology staffing, management and other administrative services.
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.
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