2009-11-11 20:22:04 -
Emergency Medical Services (NYSE: EMS) (“EMSC” or “the Company”) announced today that Standard & Poor’s Rating Services has raised the corporate credit rating on EMSC to ‘BB’ from ‘BB-,’ reflecting an improved financial risk profile and improved liquidity. In its November 11, 2009, report, Standard and Poor’s cited the Company’s EBITDA growth, improved cash flow and financial discipline as contributors to the rating upgrade.
William A. Sanger, Chairman and Chief Executive Officer, said, “We are very pleased that Standard & Poor’s has acknowledged our financial performance improvements with this rating upgrade. We believe the improved rating reflects both the Company’s revenue growth and our focus on effective resource utilization, which have helped to contribute to improved overall financial performance.”
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 hospital-based physician services segment. AMR is the leading provider of ambulance services in the United States. EmCare is a leading provider of outsourced hospital-based physician services. In 2008, EMSC provided services to 11.4 million patients in nearly 2,100 communities nationwide. EMSC is headquartered in Greenwood Village, Colorado. For additional information, visit www.emsc.net :
cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .
Emergency Medical Services CorporationDeborah Hileman, 303-495-1210
deborah.hileman@emsc.net : mailto:deborah.hileman@emsc.net