Emergency Medical Services Jumps Intraday (EMS)

Shares of Emergency Medical Services Corp. EMS jumped to an all-time high Tuesday as the company confirmed it is reviewing options. At last check shares were trading up 18% from yesterday's close at $63.90. The announcement came after reports that the company had hired an investment banker to explore a sale of the company. This is Emergency Medical Services' highest level since it went public in 2005. The provider of emergency medical services said it hasn't set a definitive timetable for completion of its review and there can't be assurance that the process will lead to a transaction. The company added that it doesn't intend to disclose developments regarding this process unless and until its board approves a specific transaction or otherwise concludes the strategic review. Emergency Medical operates an ambulance services business and also has a division that provides physician services to health-care facilities.