Item 2. Properties
Item 2. Properties.
Facilities
Our
principal executive offices are located in New York City, where we occupy approximately 6,000 square feet under a lease that expires
in 2026. We use this facility for administration, sales and marketing, and general corporate activities. In addition to our headquarters,
to support our local operations, as of December 31, 2022, we owned or leased 30 office locations elsewhere in the United States (seven
in New York, six in Wisconsin, four in New Jersey, three in Texas, two each in California, Colorado and Delaware, one each in Alabama,
New Mexico, Pennsylvania and Tennessee. These local facilities are used principally for ambulance basing, garaging and maintenance, as
well as for administrative activities and general oversight. Outside of the United States, we currently lease seven facilities in
England. These facilities are used for administrative functions and ambulance basing. Our leases for our local facilities expire at various
dates through 2029. We believe our existing facilities are adequate to meet our current requirements, and we anticipate that suitable
space will be readily available if needed. We intend to procure additional, similar facilities as we expand geographically.
Vehicle Fleet
As
of December 31, 2022, we operated 643 vehicles in the United States, including 384 ambulances, 88 wheelchair vans and 171 basic transportation
or support vehicles. Approximately 47% of our fleet is leased and 53% is owned. We replace ambulances based upon age and usage, generally
every eight to ten years. The average age of our existing active ambulance fleet is approximately four years. We generally prefer
to lease vehicles, but we have purchased vehicles in the past when deemed appropriate. Most of our owned vehicles were acquired in connection
with business acquisitions.
As
of December 31, 2022, we operated another 395 vehicles in the United Kingdom, including 18 First Response Ambulances, 11 Mental Health
Transport vehicles, 52 High Dependency Units, 288 Patient Transport vehicles and 26 support vehicles. Approximately 67% of our fleet is
owned and 33% is leased.
We
use a combination of commercial and in-house maintenance services to maintain our fleet. In those geographies where quality external commercial
maintenance services are able to meet our quality standards, we will utilize those commercial maintenance services. We continue to explore
ways to decrease our overall maintenance expenditures for vehicles, including major refurbishing and overhaul of our vehicles to extend
their useful life.
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