American Medical Response (AMR), a subsidiary of Envision Healthcare Holdings, Inc. (NYSE: EVHC), announced it has acquired Life Line Ambulance in Prescott, Arizona and MedStat EMS, Inc. in Winona, Mississippi. The acquisitions will generate estimated annual revenues of $36 million and employ more than 250 clinicians and support team members.
“Life Line and MedStat are outstanding companies with stellar teams and we are happy to welcome them to the family,” stated Edward (Ted) Van Horne, president of AMR. “These acquisitions are in key targeted locations and consistent with our market-centric expansion strategy. We will continue to provide their communities with the localized service they are accustomed to while leveraging the expertise and national resources of the AMR organization.”
AMR also announced it secured a new managed transportation contract and expanded four others which, in total, will generate estimated net-new annual revenues of $37.5 million and provide more than 110 jobs in Florida. In addition, AMR had four existing contracts renewed spanning their 911, hospital system and managed transportation operations.
“The EMS and medical transport industry is going through a lot of change and as the country’s leading medical transportation provider, we are committed to providing exceptional customer and clinical services to our communities and healthcare partners,” said Van Horne. “As we continue to expand our service area, AMR is focused on leveraging industry leading tools and technology to deliver customized system design across the US.”About American Medical Response American Medical Response, Inc. ( www.amr.net), America’s leading provider of medical transportation, provides services in 40 states and the District of Columbia. More than 18,000 AMR paramedics, EMTs, RNs and other professionals work together to transport more than 3 million patients nationwide each year in critical, emergency and non-emergency situations. AMR, a subsidiary of Envision Healthcare Corporation, is headquartered in Greenwood Village, Colo. 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 the Company 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 the Company’s periodic filings with the Securities and Exchange Commission from time to time, including in the section entitled “Risk Factors” in the Company’s most recent periodic reports.
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