GREENWOOD VILLAGE, Colo.--(Business Wire)--
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.
Emergency Medical Services Corporation
Deborah Hileman, 303-495-1210
deborah.hileman@emsc.net
Copyright Business Wire 2009
