The Company is a provider of air medical emergency transport services and systems throughout the United States of America. It provides air medical emergency transport services under the Community-Based Model and the Hospital-Based Model.
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As the economy struggles so will this company. In it's latest 10-Q management admits it can not predict what the flight volume will be. They are also concerned that with the tough times they may have chance in collecting on the fees charged in the CBS side of the business which makes up 58% of their YTD 3Q revenue. They also mention they don't know how the current health bill will inpact their business. Discounts for medicare customers are typical and they're concerned that even though they were able to get a 5% increase through recently and again earlier this year they're not sure if the insurance carriers will continue to allow.
On the positive side, they have just invested a large amount in new equipment which means their maintence costs should be under control for a while and it looks like the military contract is back on for the Products division in 2010. I believe they said it would generate another $7million plus.