Summary: EMSC LP Aug 06
Standard & Poors, August 2006
Abstract
The low-speculative-grade rating reflects EMSC LP's exposure to reimbursement changes, its relatively thin operating margins, its high level of bad debt, and its relatively aggressive use of debt. These concerns are only partially offset by the revenue diversity of EMSC's two different businesses, its leading or near-leading positions in both of its businesses, its relatively diverse payor and contract mix, and the improvements in its operations under current management. EMSC LP is the parent company of ambulance transport services provider AMR Holdings and physician staffing services provider EmCare Holdings. Greenwood Village, Colo.-based American Medical Response Inc., the operating company of AMR Holdings, mainly provides emergency and nonemergency ambulance transports and has more than 2,850 contracts in 35 states. Dallas, Texas-based...
Companies mentioned in this report are: Emergency Medical Services Corp.
Action: Review
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Emergency Medical Services Corp.
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