EMSC Responds to Increasing Demand for Outsourced Anesthesiology Services
Emergency Medical Services Corporation (NYSE:EMS) (the “Company”) and Clinical Partners, P.A. (“CPPA”) today announced the expansion of their anesthesiology services business through CPPA’s signing of new agreements to provide anesthesiology practice management services to two hospitals in Texas: Doctors’ Hospital in Bridgeport and Midland Memorial Hospital in Midland. The contracted services include recruitment of physicians and certified registered nurse anesthetists, risk management, billing and collection, and other services.
These new agreements mark the continued growth of EMSC’s new anesthesiology services line. As previously announced, EMSC entered the anesthesiology services business when it acquired the management entity of CPPA in August of this year, and currently provides management services to CPPA under a long term agreement.
William A. Sanger, EMSC Chairman and Chief Executive Officer, said, “We’re excited about the fast start we’ve seen with our new anesthesiology division. Our ability to sign two new agreements so soon after entering into the anesthesiology outsourcing market with CPPA demonstrates both the strength of demand for these services and the strong growth potential for this line of business for EMSC.”
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.
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. EmCare is a subsidiary of Emergency Medical Services Corporation.
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 and subsequent periodic reports. Among the factors that could cause future results to differ materially from those provided in this press release are: the integration of newly acquired entities into our business, the impact on our revenue of 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.