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Air Methods Corporation
Air Methods' Preliminary 1st Qtr. Results Exceed Expectations
May 8th, 2009
Air Methods Corporation (NASDAQ:AIRM), the largest air medical transportation company in the world, reported that preliminary first quarter 2009 earnings exceed expectations. Expected earnings improvement is attributed to better-than-anticipated patient transports in March, improved reimbursement for community-based transports, and lower maintenance and fuel expense. Total community-based patient transports were 9,432 during the current-year quarter. Patients transported for community bases in operation greater than one year (Same-Base Transports) decreased 418 transports or 4%, while weather cancellations for these same bases decreased by 758 transports compared with...
Source: Health Business Week (2009-05-08)
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