Greenwood Village, Colo. (April 29, 2010) — Emergency Medical Services Corporation (NYSE: EMS) (The Company) today announced that its American Medical Response (AMR) subsidiary has entered into a new agreement with the State of Idaho to provide non-emergency medical transportation management services for the State's Medicaid beneficiaries.
Under the terms of the three-year agreement, which was effective on April 16, 2010 with an expected 120-day implementation date, AMR will provide management of non-emergency medical transportation services for eligible Medicaid participants across the state through its Access2Care operation.
According to William A. Sanger, EMSC Chairman and CEO, "As one of the nation's leading managers of medical transportation services, we view the business of managing non-emergency medical transportation—or NEMT— for states' Medicaid populations as well as health plans, as a natural extension of our core competencies in logistics and call center management. We manage thousands of trip requests daily from Access2Care's sophisticated call centers across the country. Our broad experience, advanced call center technology and extensive transportation provider networks offer clients high-quality, cost-effective medical transportation management services for their beneficiaries."
The Company anticipates the Idaho contract will contribute net revenue of approximately $16 million in the first year, and a total of approximately $50 million over the three year term of the initial agreement. The Company estimates that nationwide, companies providing NEMT management services in this segment generate approximately $750 million in annual revenue.
Sanger concluded, "This is a growing market, as more states are outsourcing this needed service to private providers. The Company will continue to respond to requests for proposals from other states as those opportunities arise."
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 outsourced facility-based physician services segment. AMR is the leading provider of ambulance services in the United States. EmCare is a leading provider of outsourced physician services to healthcare facilities. In 2009, EMSC provided services in 13.0 million patient encounters in more than 2,200 communities nationwide. EMSC is headquartered in Greenwood Village, Colorado. For additional information, visit www.emsc.net.
About American Medical Response
American Medical Response Inc. (www.amr.net), America's leading provider of medical transportation, provides services in 39 states and the District of Columbia. AMR's 18,500 paramedics, EMTs and other professionals transport more than three million patients nationwide each year in critical, emergency and non-emergency situations. Operating a fleet of approximately 4,500 vehicles, AMR, a subsidiary of Emergency Medical Services Corporation, (NYSE: EMS) is headquartered in Greenwood Village, Colorado.
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