Emergency Medical Services announced that its EmCare subsidiary has acquired Templeton Readings. Founded in 2001 in suburban Baltimore by Dr. Philip A. Templeton, Templeton Readings provides final reads and teleradiology services with contracts in 31 states and agreements representing an extensive network of radiologists across the country.
The transaction was completed on Oct. 17. EmCare anticipates that the acquisition will contribute approximately $20 million in new annual net revenue.
"We believe that the shortage of radiologists has helped fuel development of the market for teleradiology solutions as physicians look to meet a growing demand with increasingly limited resources. Recent advances in technology coupled with a broader acceptance of teleradiology services in hospitals will continue to drive growth in our view particularly in the final reads market," said William A. Sanger, Emergency Medical Services chairman and CEO.
Templeton will continue in his role as president of Templeton Readings. He also has joined EmCare as vice president of strategy and development of RadStaffing Management Solutions, an EmCare subsidiary.
"This union with EmCare will further enhance opportunities for both entities. I am pleased to be forging a relationship with EmCare and EMSC, and look forward to working with them to enhance teleradiology service offerings to hospitals nationwide," Templeton said.
Emergency Medical Services (www.emsc.net) operates two business segments in the U.S.: American Medical Response, healthcare transportation services, and EmCare Holdings, emergency department and hospital-based management services. American Medical Response provides ambulance services, and EmCare provides outsourced emergency department staffing and related management services.
In 2007, Emergency Medical Services provided services to 10 million patients in more than 2000 communities nationwide. It is headquartered in Greenwood Village, CO.
EmCare and the physician groups operating under the EmCare brand provide outsourced emergency department and hospital-based physician services to healthcare facilitie. EmCare has more than 400 exclusive contracts with hospitals and independent physician groups to provide emergency department, anesthesiology, hospitalist and radiology staffing, management, and other administrative services.
From an EmCare news release
