Jul 7 2010
Emergency Medical Services Corporation (NYSE: EMS) (EMSC or The Company) today announced that its EmCare segment has completed its acquisition of Affilion®, an emergency physician staffing and management company based in Tempe, Arizona. Founded in 2005, Affilion provides emergency department physician staffing and related management services in hospitals in Arizona, New Mexico and Texas. The transaction was completed on June 30, 2010, and Affilion, Inc. has become a wholly owned subsidiary of EmCare Inc.
The Company also announced that it has completed its acquisition of Fredericksburg Anesthesia Consultants, PLLC (FAC), formerly Anesthesia Consultants of Fredericksburg, L.L.P., a provider of anesthesia services to facilities in south Texas. Founded in 1995, FAC is the sole anesthesia services provider for Hill County Memorial Hospital System and its eight-county service area. The transaction was completed on June 30, 2010. FAC has become a part of AnesthesiaCare, the Company's anesthesia services business. Combined, the acquisitions are expected to contribute $23 million in annual net revenue.
William A. Sanger, Chairman and CEO, said "We are excited about these additions to our facility-based physician services segment, with two groups of premier physicians who are aligned with our goal of providing quality care and expanded solutions to the hospitals we serve. We expect the acquisition of Affilion to provide opportunities for expansion of our facility-based service lines in Arizona and New Mexico. The FAC acquisition complements our current anesthesia services in Texas, and positions the Company well for additional cross selling opportunities in these markets."
Source:
Emergency Medical Services Corporation