Rural/Metro and SHARE “Celebrate Survival” with Valley Cardiac Arrest Survivors & Rescuers
MESA, Ariz. (Feb. 12, 2013) – Rural/Metro Corporation and Save Hearts in Arizona Registry & Education program (SHARE), celebrated Valentine’s Week with a special tribute today to local survivors of sudden cardiac arrest and their prehospital rescue teams.
“Rural/Metro and its operating companies in Arizona – Southwest Ambulance, PMT Ambulance and Rural/Metro Fire Department – are deeply committed to the state’s efforts to improve patient outcomes through exceptional clinical care,” said Michael P. DiMino, President & Chief Executive Officer of Rural/Metro Corporation. “Our goal is to increase sudden cardiac arrest survival by supporting programs such as SHARE and implementing the clinical initiatives that made it possible for our honorees to spend another Valentine’s Day with the people they love.”
More than 7,600 people suffer sudden cardiac arrest in Arizona every year. Thanks to the quick actions of bystanders, prehospital emergency dispatchers and rescuers, and continuous public education efforts, patient outcomes and survival rates in the state are three times better now than in 2004 when the state began to collect data specific to these cases.
“Bystander CPR is a simple, life-saving intervention that everyone should be able and willing to perform,” said Dr. Bentley Bobrow, Medical Director, Arizona Department of Health Services Bureau of EMS & Trauma System. “Our goal is to create a culture in which bystanders will act without hesitation when they see someone suddenly collapse. Everyone is capable of saving a life using hands-only CPR.”
Rural/Metro and SHARE advocates work throughout the year and especially during National Heart Month to raise awareness that bystander CPR, hands-only CPR training and innovative medical protocols performed by emergency medical system rescuers can save lives.
Among the honorees presented with serialized challenge coins were the following survivors and their rescue teams from municipal fire departments through the Valley, Southwest Ambulance, PMT Ambulance and AirEvac Services:
- Ed Blanchard, 67, Retired Engineer, Mesa
- Matt Collins, 41, SRP Transmission Maintenance Lineman, Goodyear
- Michael Patten, 37, Firefighter/Paramedic-Glendale Fire Department
- Richard Paxton, 61, Retired Air Force, Peoria
- Ron Porter, 70, Retired History Teacher, Mesa
Tuesday’s event also included a special ceremony honoring Arizona EMS visionary Bob Ramsey, Chairman and CEO of StarWest Associates and founder of Southwest Ambulance and PMT Ambulance, with the “Innovator in EMS Award.” Mr. Ramsey and the Ramsey Social Justice Foundation are significant supporters of public EMS systems in Arizona and the state’s SHARE program, providing funding to put more than 150 life-saving AEDs into the hands of the public.
Guests also had the opportunity to receive hands-only CPR training conducted by Dr. Bobrow, Medical Director, ADHS Bureau of EMS & Trauma System.
Rural/Metro Corporation is a leading national provider of emergency and non-emergency ambulance services and private fire protection services in 21 states and nearly 700 communities throughout the United States. In Arizona, the Company operates Southwest Ambulance, PMT Ambulance and Rural/Metro Fire Department, with more than 2,000 employees serving the emergency service needs of customers throughout Maricopa, Pinal, Pima and Yuma counties. For more information, visit www.ruralmetro.com.
SHARE – Save Hearts in Arizona Registry & Education – promotes a comprehensive, standardized system of out-of-hospital cardiac arrest care throughout Arizona, encompassing all links in the chain of survival, including bystander response, emergency medical dispatcher CPR instruction, EMS provider resuscitation, and standardized care at hospitals. SHARE also seeks to support survivors of out-of-hospital cardiac arrest by providing them with helpful resources. For more information, visit www.azshare.gov.
Celebrate Survival with Rural/Metro and SHARE
Mesa, Arizona (February 12, 2013) - Rural/Metro Corporation, the Rural/Metro Clinical Excellence Project and the Arizona Department of Health Services’ SHARE program partner to pay tribute to sudden cardiac arrest survivors and the dedicated EMS rescuers who devote their work to ensuring the state’s emergency response system is among the best in the nation. Click here to view a video tribute to the survivors and their rescue teams.
Rural/Metro Reaches Agreement In Principle with Lenders and Bondholders to Reduce Debt by Approximately 50 Percent
Agreement Will Cut Rural/Metro's Debt and Interest Expenses in Half
Receives Commitment for Infusion of $135 Million in New Equity Capital to Fund Additional Investment in Operations and Renewed Growth
Patients Will Continue to Receive Highest-Quality Services;
Operations to Continue as Normal
SCOTTSDALE, Ariz. (Aug. 4, 2013) – Rural/Metro Corporation, a national provider of private ambulance and fire protection services in 21 states and nearly 700 communities, today announced that it has reached an agreement-in-principle on a comprehensive financial restructuring plan that will strengthen the Company's balance sheet by reducing its funded indebtedness by approximately 50 percent via a conversion of certain debt to equity and cutting its interest expenses in half.
The financial restructuring process will help ensure that Rural/Metro can continue to invest in its business, meet the needs of customers, patients and communities and further improve service. Operations are expected to continue as normal throughout the process.
Scott A. Bartos, Rural/Metro's new President and Chief Executive Officer, said, "This agreement is good news for Rural/Metro and for the clients and communities we serve. We have a solution that keeps our operations moving forward while cutting our debt in half. The significant infusion of new capital by our lenders underscores their confidence in the value of our business, and will help ensure that we have a strong financial footing to resume growth and investment while honoring our agreements and continuing to provide outstanding service and patient care."
Mr. Bartos continued, "We remain committed to serving our clients and communities, maintaining our relationships with vendors and supporting our employees whose hard work and dedication are critical to our success. We expect to move through this process quickly and to be a stronger, more competitive and more profitable organization."
Rural/Metro noted that its capital structure was created under different economic circumstances, and making interest payments on the debt while at the same time investing in operations was more than the Company's earnings could support. Rural/Metro reached the agreement-in-principle on the terms of a prearranged financial restructuring plan with the majority of its senior lenders and approximately two-thirds of its bondholders. To implement the plan, Rural/Metro has elected to file Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware. The Company intends to use the process to significantly reduce its debt, renegotiate unprofitable contracts and free up capital for investments to strengthen its business and further improve patient care. The agreement reached includes a significant cash investment from the Company's bondholders to comprehensively address the Company's capital expenditure needs and ensure the Company continues to provide industry-leading emergency services to its customers. Rural/Metro anticipates completing its restructuring in the fourth quarter of 2013.
In conjunction with the filing, Rural/Metro has received a commitment for $75 million in debtor-in-possession financing (“DIP Financing”) from certain of the Company’s secured lenders. Following Court approval, this financing, combined with cash generated by the Company’s ongoing operations, will provide Rural/Metro with sufficient liquidity to meet its operational and restructuring needs. The Company’s bondholders have committed to invest $135 million additional dollars of new equity in the fourth quarter of this year to complete the financial restructuring and position the Company for renewed growth.
Court filings and other documents concerning the restructuring process are available on a dedicated website administered by Rural/Metro’s claims agent, Donlin, Recano & Company, Inc., at www.donlinrecano.com/rmc. In addition, you can contact the claims agent directly by calling Rural/Metro’s restructuring hotline at 212-771-1128.
Willkie Farr & Gallagher LLP and Young Conaway Stargatt & Taylor, LLP are serving as legal counsel, Lazard Frères & Co. L.L.C. is serving as investment banker, and Alvarez & Marsal and FTI Consulting, Inc. are serving as financial advisors to Rural/Metro.
Rural/Metro Corporation is a leading national provider of 911-emergency and non-emergency interfacility ambulance services and private fire protection services, operating in 21 states and nearly 700 communities. For more information, visit the Company’s website atwww.ruralmetro.com.
Liz Merritt Liz Merritt Consulting
Andy Brimmer / Andrew Siegel / Dan Moore
Joele Frank, Wilkinson Brimmer Katcher
Rural/Metro-Central New York Receives Perfect Score on National Accreditation Renewal
SYRACUSE, NY (March 29, 2013)-- Rural/Metro Medical Services is pleased to announce it has achieved a perfect score in the three-year renewal of its accreditation from the Commission on Accreditation of Ambulance Services (CAAS). In 1993, Rural/Metro was one of the first ambulance services in the country to achieve accreditation, and has been Central New York’s only CAAS accredited agency since that time.
“Rural/Metro has an ongoing commitment to provide the absolute highest quality ambulance service to the people of Central New York. Maintaining the gold standard of accreditation through CAAS is evidence that you can always count on Rural/Metro,” said Mike Addario, Division General Manager. In New York State, only five agencies have achieved CAAS accreditation. Three of those are Rural/Metro operations in Syracuse, Buffalo, and Rochester.
The Commission on Accreditation of Ambulance Services (CAAS) was established to encourage and promote quality patient care in America’s medical transportation system. CAAS accreditation signifies the “gold standard” of the ambulance industry.
CAAS is an independent accrediting agency formed by the American College of Emergency Physicians, the National Association of EMS Physicians, the National Association of State EMS Directors, the International Association of Fire Chiefs and several other organizations. The accreditation process requires an organization to meet over 100 different standards covering all aspects of ambulance operations. Some of these standards include mutual aid and disaster coordination, community education, credentialing, training, clinical standards, and quality improvement. Agencies must renew their accreditation every three years by going through a full review and on-site inspection.
Rural/Metro Medical Services of Central New York has achieved perfect accreditation scores in previous triennial re-accreditation processes as well, including 2004, 2007, and 2010. “This achievement means that the exceptional work our staff does every day is above and beyond national standards for emergency medical services. We stand committed to all aspects of quality delivery of prehospital care,” Addario said.
Celebrating its 60th year of service to Syracuse and Central New York, Rural/Metro has been an integral part of the region’s healthcare delivery system since 1953. Rural/Metro is the only accredited ambulance service in the region.
With a current staff of more than 320 personnel, Rural/Metro is the largest employer of emergency medical services providers in the area, responding to more than 63,000 calls annually throughout Central New York. Rural/Metro Medical Services operates locally within a six county local region. For more information, go to www.ruralmetrosyracuse.com.
Public Relations Manager
Rural/Metro Medical Services
Rural/Metro Receives Court Approval of All “First Day” Motions
Obtains Approval to Borrow Up To $40 Million in DIP Financing on an Interim Basis
SCOTTSDALE, Ariz. (Aug. 6, 2013) – Rural/Metro Corporation, a national provider of private ambulance and fire protection services in 21 states and nearly 700 communities, today announced that the U.S. Bankruptcy Court for the District of Delaware (the "Court") has approved the Company's "first day" motions.
The Court's approval of these motions, including granting interim approval for Rural/Metro to use $40 million of its $75 million Debtor-in Possession ("DIP") financing, will allow Rural/Metro to support its employees, customers, patients and communities and continue normal operations throughout the financial restructuring process. The Company is authorized to pay for all going-forward goods and services.
Separately, as previously announced, Rural/Metro's bondholders have committed to invest an additional $135 million of new equity in the Company, which will position the Company for renewed growth.
Additional information, including the terms of Rural/Metro's DIP agreement as well as Court filings and other documents concerning the restructuring process, is available on a dedicated website administered by Rural/Metro's claims agent, Donlin, Recano & Company, Inc., at www.donlinrecano.com/rmc.
Willkie Farr & Gallagher LLP and Young Conaway Stargatt & Taylor, LLP are serving as legal counsel, Lazard Frères & Co. L.L.C. is serving as investment banker, and Alvarez & Marsal Healthcare Industry Group, LLC and FTI Consulting, Inc. are serving as financial advisors to Rural/Metro.
Rural/Metro Corporation is a leading national provider of 911-emergency and non-emergency interfacility ambulance services and private fire protection services, operating in 21 states and nearly 700 communities. For more information, visit the Company's website at www.ruralmetro.com.
Liz Merritt Consulting
Andy Brimmer / Andrew Siegel / Dan Moore
Joele Frank, Wilkinson Brimmer Katcher