Dec 7 2010
Emergency Medical Services Corporation (NYSE: EMS) (The Company) today announced that its American Medical Response (AMR) segment has entered into a definitive agreement to acquire Doctor's Ambulance Service (Doctor's). Founded in 1974, Doctor's provides emergency and non-emergency ambulance services in Orange County, California. Doctor's currently holds eleven 9-1-1 contracts across Orange County, and transports approximately 32,000 patients annually. Upon completion of the transaction, Doctor's will become a wholly owned subsidiary of American Medical Response and will continue to operate under the Doctor's brand. The transaction is expected to close within 90 days subject to regulatory approvals and customary closing conditions. The Company expects that the acquisition will contribute approximately $18 million in annual net revenue.
“We are very pleased to welcome Doctor's to the AMR family of ambulance providers. Doctor's has an excellent reputation in Orange County for providing high-quality, patient-centered services. We look forward to the opportunities this acquisition brings to AMR for expansion into contiguous markets and to further supplement our organic growth.”
Mark Bruning, President of AMR, said, "We are very pleased to welcome Doctor's to the AMR family of ambulance providers. Doctor's has an excellent reputation in Orange County for providing high-quality, patient-centered services. We look forward to the opportunities this acquisition brings to AMR for expansion into contiguous markets and to further supplement our organic growth."
Bruce Herren, President of Doctor's Ambulance, added, "We have been providing excellent service to the citizens of Orange County for more than 35 years. Now, as part of AMR, Doctor's will have access to national resources that will enable us to continue to grow and deliver the quality care our patients and customers have enjoyed over the past three decades."
Source:
Emergency Medical Services Corporation