UPDATE: Jefferies Drops Coverage on Emergency Medical Services

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Jefferies is out with its report today on Emergency Medical Services (NYSE: EMS), dropping its coverage on EMS.In a note to clients, Jefferies writes, "We are dropping coverage of Emergency Medical Services following the completion of the company's acquisition by affiliates of private equity firm Clayton Dubilier & Rice at a price of $64.00 per share. Our last rating on EMS was Hold with a $73 per share price target."

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