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SCOTTSDALE, AZ -- (MARKET WIRE) -- 02/22/11 -- Rural/Metro Corporation (NASDAQ: RURL) announced today that its Southwest Ambulance subsidiary was once again awarded the exclusive 911 emergency ambulance contract to serve the Sun City Fire District, which includes Sun City, Arizona.
The contract has an initial term of three years, followed by two 3-year renewal terms, for a total possible length of nine years. The contract is expected to generate $4.1 million in net ambulance revenue annually.
The contract continues an exclusive arrangement with the Sun City Fire District, where Southwest Ambulance has been the sole provider of emergency ambulance transport services for 33 years.
"We appreciate the opportunity to continue to serve the citizens of Sun City and look forward to building on our longstanding record of service excellence," said Michael DiMino, President and Chief Executive Officer. "As the largest provider of ambulance services in the state of Arizona, Southwest Ambulance brings expertise, resources and operating synergies to the community that presents a distinct competitive advantage over other providers."
Bryan Gibson, Executive Vice President and Chief Operating Officer, added, "The Fire District's decision to negotiate a new agreement to retain Southwest Ambulance as their trusted provider of emergency ambulance services illustrates the confidence and satisfaction that customers have in our ability to continuously meet and exceed the highest service standards."
Thirty minutes Northwest of Phoenix, Sun City is the nation's first adult community designed for active retirees and has a population of more than 40,000 residents. Sun City's primary hospital facility is Banner Boswell Hospital, with Banner Del E. Webb Hospital located in neighboring Sun City West. The Sun City area also has more than 20 other healthcare facilities, with services ranging from independent living to skilled nursing care. Southwest Ambulance's medical professionals provide nearly 5,500 transports in Sun City annually.
Rural/Metro Corporation provides emergency and non-emergency ambulance services and private fire protection services in 20 states and approximately 440 communities throughout the United States. For more information, visit the Company's web site at www.ruralmetro.com
About Southwest Ambulance
Southwest Ambulance is Arizona's largest ambulance transportation provider with more than 1,200 personnel and 300 ambulances serving 40 communities with emergency and non-emergency care throughout the state. For more information, visit the Southwest Ambulance web site at www.swambulance.com
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "will," "believes," "seeks," "anticipates," "intends," "estimates," "expects," "projects," "plans," and similar expressions are intended to identify forward-looking statements. All statements that address events or developments that we expect or anticipate will occur in the future, including statements that describe the Company's future business prospects, future operating results and healthcare reimbursement, are forward-looking statements. All such forward-looking statements and those presented elsewhere by the Company's management from time to time are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. See risks and uncertainties described in "Risk factors" included in the Annual Report on Form 10-K for the fiscal year ended June 30, 2009, filed with the Securities and Exchange Commission ("SEC") on September 9, 2009. A copy of all SEC filings may be obtained from the SEC's EDGAR web site at www.sec.gov, or the Company's web site at www.ruralmetro.com
CONTACT: Liz Merritt Rural/Metro Corporation (480) 606-3337 Sharrifah Al-Salem FD (415) 293-4414
Source: Rural/Metro Corporation