Emergency Medical Services Acquired by Private Equity Firm Clayton, Dubilier & Rice, LLC for $3.2 billion
Posted Feb 15 2011 1:09pm
Once approved by the board the company will become private and no longer traded on the New York Stock Exchange. The 2 subsidiaries include a couple major emergency service ambulance companies in the US. How big is private equity investing in healthcare? Here’s a post from March of 2010 that talks about their non profit group that was formed so they can meet and talk about making profits, a bit of an oxymoron?
All different types of healthcare organizations are being swept up and here’s one more example of a hospitalist company from September of 2010 purchased by a private equity firm. Currently the company is represented byOnex, another asset management company. In today’s world of mergers and acquisitions company names are sometimes becoming a big blur at times when we think of how big conglomerates are run today. BD
From the website:
“Operating under the recognized brands of EmCare and American Medical Response (AMR), Emergency Medical Services Corporation is the leading provider of emergency medical services in the United States, serving more than thirteen million patients each year.
EmCare, Inc. and the physician groups operating under the EmCare® brand are leading providers of outsourced emergency department and hospital-based physician services to healthcare facilities in the United States. EmCare has more than 500 exclusive contracts with hospitals and independent physician groups to provide emergency department, anesthesiology, hospitalist and radiology staffing, management and other administrative services.
American Medical Response Inc. (AMR®), America’s leading provider of medical transportation, is locally operated in 38 states and the District of Columbia. AMR’s 17,000 paramedics, EMTs and other professionals transport more than four million patients nationwide each year in critical, emergency and non-emergency situations.”
GREENWOOD VILLAGE, CO – Ambulance operator and physician services company Emergency Medical Services is being acquired by private equity firm Clayton, Dubilier & Rice, LLC for $3.2 billion.
EMSC provides emergency medical services in two industry segments. Its American Medical Response (AMR) unit is billed as the leading provider of ambulance services in the country, while EmCare Holdings is an outsourced physicians services operation that provides services to more than 2,200 communities and registers more than 14 million patient encounters each year.