January 30, 2015 4:02 PM ET

Healthcare Providers and Services

Company Overview of EmCare Inc.

Company Overview

EmCare Inc., a physician practice management company, provides outsourced facility-based physician services for clinicians, hospitals, health systems, and other healthcare clients in the United States. The company offers integrating clinical services; emergency medicine services; and hospital medicine services, including 24/7 hospitalist coverage, help hospitals manage their purchasing programs, lengths of stay management, daily inpatient care management, discharge care coordination with providers, recruit/retain physicians, physician leadership training/education, post-discharge follow-up, access to intensivists, coding and billing services, and customizing financial and staffing models, as...

13737 Noel Road

Suite 1600

Dallas, TX 75240

United States

Founded in 1972

Phone:

214-712-2000

Fax:

214-712-2444

Key Executives for EmCare Inc.

Chief Executive Officer and President
Age: 49
Chief Financial Officer
Age: 41
Executive Vice President
Chief Executive Officer of South Division
Chief Executive Officer of West Division
Compensation as of Fiscal Year 2014.

EmCare Inc. Key Developments

EmCare Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

EmCare Inc. reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company generated net revenue of $748.1 million, an increase of 23.6%, or $143.0 million. Adjusted EBITDA was $99.7 million, an increase of 21.6%, or $17.7 million. The increase in Adjusted EBITDA was primarily driven by revenue increases from net new contracts, same store revenue growth, acquisitions, favorable operating expense and insurance trends, offset by approximately $2.2 million for both infrastructure investments for Evolution Health and acquisition costs. On a same store basis, net revenue grew 7.9%, including volume increases of 6.3%, primarily due to additional volumes in both Medicaid expansion and non-expansion states, and net rate increases of 1.6%. Adjusted EBITDA was $99.7 million, an increase of 21.6%, or $17.7 million. The increase in Adjusted EBITDA was primarily driven by revenue increases from net new contracts, same store revenue growth, acquisitions, favorable operating expense and insurance trends, offset by approximately $2.2 million for both infrastructure investments for Evolution Health and acquisition costs. For nine months, the company reported net revenue was $2.08 billion, an increase of 20.4%. Adjusted EBITDA was $258.2 million, an increase of 18.0%.

EmCare Announces Unaudited Sales Results for the Fourth Quarter Ended December 31, 2013

EmCare announced unaudited sales results for the fourth quarter ended December 31, 2013. For the quarter, the company experienced revenue growth of approximately 23% over the same period last year, 17% of which was organic growth, as a result of a significant number of new contract starts during the year and in the fourth quarter.

EmCare, Inc. Promotes Todd Zimmerman as Chief Executive Officer

EmCare, Inc. announced that effective from February 13, 2013, the board of directors of the company promoted Todd Zimmerman, President of the company and Executive Vice President of the Emergency Medical Services Corporation, to also serve as the company’s Chief Executive Officer. Mr. Zimmerman will continue to report to William A. Sanger, the Emergency Medical Services Corporation's Chief Executive Officer, in this capacity.

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