<PAGE>   1
                                                                   EXHIBIT 10.20





                      STOCK TRANSFER AND OPTION AGREEMENT

         THIS STOCK TRANSFER AND OPTION AGREEMENT (this "Agreement"), is
executed and delivered as of February 24, 1997 (the "Effective Date"), by and
among EMCARE, INC., a Delaware corporation ("EmCare"); the other entities
executing this Agreement (each a "PA" and collectively, the "PAs"); and Steven
W. Cooley, M.D., individually ("Shareholder").

                                R E C I T A L S:

         A.      Each of the PAs is a professional association or professional
corporation under the laws of its respective jurisdiction.

         B.      Each of the PAs has the number of shares of stock authorized
and issued and outstanding as set forth on Schedule A attached hereto.

         C.      Shareholder is (i) a director of the PAs; (ii) a shareholder
of a number of shares of stock in certain PAs set forth on Schedule A attached
hereto (the "Shares"); and (iii) an officer of the PAs.

         D.      EmCare provides management, administrative and other services
to the PAs.

         E.      The parties hereto desire to promote their mutual interests by
providing for the acquisition of the Shares in certain events, thereby
promoting the continued successful operation of the PAs and their Management by
EmCare.

         F.      Each of the parties hereto has agreed to be bound by the
covenants and agreements set forth herein, all of which are for the mutual
benefit of the parties hereto, collectively and individually.

         NOW, THEREFORE, in consideration of the foregoing, and of the mutual
covenants and agreements contained herein, the parties hereto hereby agree as
follows:

         1.      DEFINITIONS.     As used in this Agreement, the following
terms shall have the following meanings (such meanings to be equally applicable
to both the singular and plural forms of the terms defined):

                 1.1      "Attorney-in-Fact" means such person designated by
         Shareholder as Shareholder's attorney-in- fact pursuant to Section 13
         below.

                 1.2      "Effective Date" means the date of this Agreement as
         set forth in the introductory paragraph of this Agreement.

                 1.3      "Period of Designation" means the period beginning,
         as to Shareholder, on the Effective Date or, as to a Successor
         Shareholder, on the date Successor Shareholder is
<PAGE>   2
         designated as such pursuant to Section 11 below, and in each case
         continuing until Shareholder or Successor Shareholder (as the case may
         be) dies, resigns or ceases to serve as Shareholder in accordance with
         Section 4.3 or Section 16 below.

                 1.4      "Purchase Price" means, for the Shares of each PA,
         the Shareholders or the Successor Shareholders (as the case may be),
         the original investment in such Shares as set forth on Schedule A.

                 1.5      "Successor Shareholder" means such person designated
         pursuant to Section 11 below by EmCare.

                 1.6      "Transfer Event" means any of the following events:

                          (a)     The death of Shareholder or any Successor
                                  Shareholder;

                          (b)     The incompetence or permanent disability of
                                  Shareholder or any Successor Shareholder such
                                  that Shareholder or any Successor Shareholder
                                  is unable to render professional services on
                                  behalf of the PAs;

                          (c)     The disqualification under state law of any
                                  Shareholder or any Successor Shareholder to
                                  be a shareholder of any PA;

                          (d)     The resignation of Shareholder or any
                                  Successor Shareholder pursuant to Section 4.2
                                  below;

                          (e)     The termination of Shareholder's or any
                                  Successor Shareholder's employment with
                                  EmCare;

                          (f)     Any attempt by Shareholder or any Successor
                                  Shareholder, or by any other person to
                                  transfer the Shares, whether voluntarily or
                                  involuntarily, by operation of law or
                                  otherwise, to any person who is not the
                                  Successor Shareholder;

                          (g)     The filing of any petition for or another
                                  document causing or intended to cause a
                                  judicial, administrative, voluntary or
                                  involuntary dissolution of any PA; or

                          (h)     The designation of a Successor Shareholder
                                  pursuant to Section 11 below, whether or not
                                  such designation has become effective under
                                  that provision.

         2.      EFFECTIVE DATE; TERM; CONTINUANCE AND QUALIFICATION OF PAS.

                 2.1      Effective Date; Term.  This Agreement shall be
effective as of the Effective Date, and shall continue for as long as
Shareholder or any Successor Shareholder owns any shares of any PA or until
terminated in accordance with the provisions of Section 2.2 below.



                                       2
<PAGE>   3
                 2.2      Written Agreement Required.  This Agreement may be
terminated only upon the written direction of EmCare, or upon the execution of
a succeeding version of this Agreement with a Successor Shareholder.

                 2.3      Continuance and Qualification of PAs.  Shareholder
shall take (unless otherwise directed by EmCare or EmCare's affiliates, in
writing) all measures necessary (legal and/or otherwise) to maintain the
existence of each of the PAs under the laws of the jurisdiction in which it is
organized.  Shareholder shall also take all steps necessary to ensure that each
of the PAs qualifies or obtains a license to do business in each foreign
jurisdiction in which the conduct of its business requires it to be so
qualified or licensed.

         3.      SHAREHOLDER'S RECORD TITLE TO SHARES.  During the Period of
Designation of Shareholder, Shareholder shall be the shareholder of record of
the Shares and shall be entitled to exercise the right to vote in person or by
proxy in respect of any and all of the Shares in accordance herewith.

         4.      TRANSFER OF SHARES.

                 4.1      Attorney-in-Fact.  Shareholder hereby appoints
Attorney-in-Fact (designated pursuant to Section 13 below) and
Attorney-in-Fact's successors and assigns as Shareholder's attorney-in-fact
with full power and authority to execute all documents and do all things
necessary to effectuate the transfer to Successor Shareholder of record
ownership of the Shares held in the name of Shareholder when Shareholder's
Period of Designation has expired.  Such appointment shall be irrevocable.  In
furtherance of such appointment, Shareholder has caused, or shall promptly
cause upon commencement of the Period of Designation, the Shares and all
certificates representing the same and all securities resulting from a merger
or consolidation of any PA or a split-up or reclassification of the equity of
any PA to be delivered to Attorney-in-Fact, accompanied by an executed stock
power, endorsed in blank.

                 4.2      Resignation.  Shareholder shall have the right to
resign as an officer or director of any PA for any reason by giving thirty (30)
days prior written notice to Attorney-in-Fact, which resignation shall become
effective upon the expiration of the thirty (30) day period following receipt
of such notice by Attorney-in-Fact.  In no event shall Shareholder have a right
to resign prior to the end of the notice period specified in the previous
sentence.

                 4.3      Automatic Transfer.  The Shares shall be deemed to
have been transferred to Successor Shareholder, without further action by
Shareholder, immediately upon the occurrence of any Transfer Event; provided,
however, that until the designation of Successor Shareholder has been made
effective pursuant to Section 11 below, Shareholder shall continue to hold the
Shares in trust for the benefit of Successor Shareholder, subject to the
limitations imposed by Section 10.3 below.

                 4.4      Certain Transfer Events.  Notwithstanding any
statement to the contrary in this Section 4, a Transfer Event under Section
1.6(c) or Section 1.6(g) above shall be deemed to cause the transfer under
Section 4.3 above only of those Shares representing stock in the PA or





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<PAGE>   4
PAs affected by such event, provided that such Transfer Event is the only
Transfer Event which has occurred.

                 4.5      Effect of Transfer.  Upon the transfer of the Shares,
Shareholder shall immediately resign, or be deemed to have resigned, as a
director of the PAs and from any and all corporate offices of any PA at the
time held by Shareholder.  Notwithstanding anything to the contrary herein,
upon the occurrence of a Transfer Event, the Shares will be immediately
transferred, or deemed to be transferred, to Successor Shareholder upon the
date such Transfer Event is effective.  Successor Shareholder shall have, from
and after such Transfer Event, all ownership and voting rights as to the Shares
in accordance with this Agreement, irrespective of receipt of a certificate for
such Shares, receipt by Shareholder of payment for the Shares, or any other act
or matter.  Upon the transfer of the Shares, Shareholder shall be released in
writing from all obligations under this Agreement.  Notwithstanding the
foregoing, upon the occurrence of a Transfer Event described in Section 1.6(c)
or Section 1.6(g), if no other Transfer Event has occurred, then the effects of
transfer described in this Section 4.5 shall apply only with respect to the PA
or PAs affected by such Transfer Event.

                 4.6      Purchase Price.  The Shares transferred to Successor
Shareholder shall be transferred for the Purchase Price (as defined in Section
1.4 above) of such Shares.  Shareholder's only remedy with regard to claims
relating to the Purchase Price for the Shares shall be money damages, and in no
way shall such failure jeopardize the temporary or permanent transfer of any
rights as to the Shares.

         5.      VOTING OF SHARES.

                 5.1      Election of Directors of the PAs

                          5.1.1   Election.  Shareholder agrees to consult with
Attorney-in-Fact in accordance with Section 13 below with respect to the
election of all directors of the PAs.  Any person elected to the board of
directors of any PA shall, in all cases, be a person qualified to serve as a
director of such PA under all applicable laws, statutes, regulations and bylaws
of such PA, including, but not limited to, those laws, statutes, and
regulations affecting the practice of medicine.

                          5.1.2   Vacancies.  In the event of a vacancy for any
reason in the office of a director for any PA, Shareholder shall affirmatively
vote the Shares so that a replacement director is elected in the same manner
(and subject to the same limitations) as provided in Section 5.1.1 above for
the election of such director.

                 5.2      Voting on All Other Matters.  Shareholder agrees that
on any other proposal to be voted upon by holders of the shares of stock of any
PA that Shareholder shall vote the Shares, or sign consents taking action on
such matter, only after consultation with Attorney-in-Fact in accordance with
Section 13 of this Agreement, except only to the extent the same requires the
exercise of professional medical judgment.  Shareholder shall consult with
Attorney-in- Fact from time to time as necessary and appropriate to obtain
advice with respect to matters to be voted upon by holders of the shares of
stock of the PAs.






                                       4
<PAGE>   5
         6.      VOTING AS A DIRECTOR.

                 6.1      Business Judgment.  In voting and otherwise acting as
a member of the board of directors of any PA, Shareholder shall act in good
faith, in a manner Shareholder reasonably believes to be in the best interests
of such PA, and with such care as an ordinarily prudent person in a like
position would use in similar circumstances.

                 6.2      Obligation to Consult with Attorney-in-Fact.  In
voting with respect to matters, the approval of which by the board of directors
of any PA requires the affirmative vote of Shareholder, Shareholder shall
consult in advance with Attorney-in-Fact with respect to such matters before
voting on such matters.

         7.      PROFESSIONAL MEDICAL JUDGMENT.  Any other provisions of this
Agreement notwithstanding, Shareholder shall be unfettered in the exercise of
Shareholder's professional medical judgment in Shareholder's capacity as a
shareholder and as a director of each PA to the extent that the matters under
consideration require the exercise of such judgment.

         8.      NOTICES, REPORTS AND INFORMATION.  Shareholder shall promptly
deliver to Attorney-in-Fact, on receipt, copies of all written materials
received by Shareholder in such capacity and, consistent with such
Shareholder's fiduciary obligations as a director of the PAs, all written
materials received by Shareholder in Shareholder's capacity as a member of the
boards of directors of the PAs.

         9.      DISTRIBUTIONS AND PROCEEDS.  Shareholder shall promptly give
prior notice to Attorney-in-Fact of any event giving rise to the receipt of any
shares, securities, moneys or property representing a dividend, distribution or
return of capital with respect to the Shares.

         10.     DESIGNATION AND STATUS OF SHAREHOLDER.

                 10.1     Period of Designation of Shareholder.  Shareholder
who executes this Agreement or an amendment hereto, accepting the designation
as a "Shareholder" hereunder, shall serve as such for the duration of the
Period of Designation.

                 10.2     No Compensation.  Shareholder shall not be entitled
to receive compensation for services as a Shareholder hereunder.

                 10.3     Limitation on Authority.  Other than as provided
herein, Shareholder shall not sell, transfer, assign or otherwise dispose of,
or pledge, mortgage, hypothecate or otherwise encumber, or permit or suffer any
encumbrance, of all or any part of the Shares, except on the express written
consent of Attorney-in-Fact.  Upon the occurrence of a Transfer Event,
Shareholder shall hold the Shares in trust for the benefit of the Successor
Shareholder until the designation of a Successor Shareholder becomes effective,
but Shareholder shall have no authority to act on behalf of or bind any PA.

         11.     SUCCESSOR SHAREHOLDER.  EmCare shall designate a Successor
Shareholder immediately upon the occurrence of any Transfer Event.
Notwithstanding the foregoing, at any time, regardless of whether a Transfer
Event shall have occurred, EmCare may at its sole






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<PAGE>   6
discretion designate a Successor Shareholder to serve in accordance with this
Agreement and with applicable provisions of the bylaws of the respective PAs
and applicable law.  Such Successor Shareholder shall be a physician licensed
to practice medicine in the state or states of incorporation of the PA or PAs
whose shares have been transferred to such Successor Shareholder and party to
an employment agreement with either a PA or with EmCare.  In order to make such
designation effective, Successor Shareholder shall accept such designation by
executing a written amendment to this Agreement and expressly, in writing,
assuming all of Shareholder's obligations under this Agreement.

         12.     RESTRICTIONS ON CERTIFICATE.  Upon the execution of this
Agreement, Shareholder shall surrender Shareholder's certificates representing
the Shares to the respective PAs issuing such Shares, which PAs shall place on
such certificates a notice of the restrictions on the transfer of such Shares
imposed by this Agreement.  Such notice shall be printed or typed on the
certificate in boldface substantially in the following form:

         THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN
         RESTRICTIONS IMPOSED BY THE LAWS GOVERNING PROFESSIONAL [CORPORATIONS
         / ASSOCIATIONS], THE  [CORPORATION'S / ASSOCIATION'S] ARTICLES OF
         ORGANIZATION AND BYLAWS AND THE TERMS OF A SHAREHOLDER DESIGNATION AND
         STOCK TRANSFER AGREEMENT BY AND AMONG THE SHAREHOLDER NAMED HEREIN,
         THE [CORPORATION / ASSOCIATION] AND ANOTHER PARTY (A COPY OF WHICH IS
         ON FILE WITH THE [CORPORATION / ASSOCIATION] AND AVAILABLE WITHOUT
         CHARGE).  NO TRANSFER OF THE SHARES REPRESENTED HEREBY OR OF SHARES
         ISSUED IN EXCHANGE THEREFOR SHALL BE VALID OR EFFECTIVE UNTIL THE
         TERMS AND CONDITIONS OF SUCH LAWS, ORGANIZATIONAL DOCUMENTS AND
         AGREEMENT SHALL HAVE BEEN FULFILLED IN THE JUDGMENT OF THE
         [CORPORATION / ASSOCIATION].

         13.     ATTORNEY-IN-FACT.  Shareholder hereby designates EmCare as
Attorney-in-Fact for the purposes of this Agreement.  Shareholder may act upon
the advice of EmCare as Attorney-in-Fact in all matters arising with respect to
this Agreement.  On notice to Shareholder from EmCare, Shareholder will execute
a written amendment to this Agreement changing the designation of
Attorney-in-Fact to another person or entity designated by EmCare.

         14.     NO JOINT VENTURE.  The relationship created by this Agreement
is not intended to be, shall not be deemed to be, and shall not be treated as a
general partnership, limited partnership, joint venture, corporation or joint
stock company or association.

         15.     BREACH; REMEDIES.  Any action by Shareholder in violation of
any of the provisions of this Agreement, or any attempted sale, transfer,
assignment, pledge or other encumbrance or disposition of any of the Shares by
Shareholder in violation of this Agreement, shall be considered a breach of
this Agreement.  A breach of this Agreement that is not cured within seven (7)
days following written notice from Attorney-in-Fact shall constitute "cause",
as






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<PAGE>   7
such term is defined in any employment agreement with EmCare or with any PA to
which Shareholder is a party.

         16.     OPTION.

                 16.1     Grant of Option.  Shareholder hereby grants to EmCare
and EmCare hereby accepts from Shareholder, an option to purchase the Shares,
or to appoint a designee (the "Designee") to purchase the Shares in accordance
with the provisions hereof (the "Option").

                 16.2     Exercise.  The Option is immediately exercisable from
and after the Effective Date and may be exercised, in full or in part, at any
time by EmCare or its Designee with respect to all or any of the PAs.  EmCare
or its Designee shall exercise the Option by delivering written notice of such
exercise to Shareholder, such notice stating the date (the "Closing Date") on
which the purchase and sale of the Shares shall occur.

                 16.3     Resignation as Director and Officer.  Shareholder
hereby agrees that if the Option is exercised with respect to any PA,
Shareholder will immediately resign as director and officer of that PA and sign
a resolution electing either Designee or a legally qualified representative
designated by EmCare to the board of directors of that PA.

                 16.4     Exercise Price; Payment.  The exercise price of the
Option shall be equal to the Purchase Price.  The exercise price shall be paid
on the Closing Date by EmCare or its Designee, as the case may be, to
Shareholder by check, electronic wire transfer, or other method reasonably
acceptable to Shareholder.  Upon payment of the Purchase Price, the
Attorney-in-Fact shall deliver the Shares and all accompanying stock powers to
EmCare or its Designee.

                 16.6     Exercise of Shareholder's Purchase Rights.  In
connection with any exercise of any Option granted hereunder, EmCare or its
Designee, as the case may be, may require Shareholder to exercise any right
Shareholder may have to acquire any stock of any corporation held by a third
party and to deliver such stock together with the Shares held by Shareholder.
In any such event, the exercise price of the Option exercised hereunder shall
include the amount required to be paid by Shareholder to acquire such third
party stock.

         17.     COMMUNITY PROPERTY INTERESTS.  Shareholder agrees that he
shall cause his spouse to execute this Agreement or a counterpart hereto to
evidence such spouse's consent to this Agreement and such spouse's agreement
that any rights that spouse may have, as a result of a community property
interest in the Shares or otherwise, shall be subject to the provisions of this
Agreement.  Shareholder and his spouse expressly agree to subject their entire
interest in the Shares to the terms of this Agreement, irrespective of any
community property interest of either spouse.

         18.     NEW PROFESSIONAL ASSOCIATIONS OR PROFESSIONAL CORPORATIONS.
In the event that Shareholder acquires shares of stock in a professional
association or professional corporation after the Effective Date (each a "New
PA"), Shareholder agrees to execute an amendment to this Agreement (an
"Amendment") substantially in the form of Exhibit A attached hereto.
Additionally, Shareholder shall cause New PA to execute such Amendment, which
Amendment






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<PAGE>   8
shall (i) make New PA a party to this Agreement; (ii) include the shares of
stock in New PA to be acquired by Shareholder in the definition of "Shares"
herein; and (iii) otherwise make all the provisions of this Agreement apply to
Shareholder's interest in New PA.

         19.     MISCELLANEOUS PROVISIONS.

                 19.1     Successors and Assigns.  This Agreement shall be
binding upon the parties and their respective successors, assigns, heirs,
transferees, executors and administrators, and except as otherwise expressly
provided in any particular provision of this Agreement, any subsequent holder
or holders of any of the Shares.

                 19.2     Notices or other Communications.  Except as otherwise
specified in this Agreement, any notice or other communication required to be
given pursuant to this Agreement shall be given in writing (including
telecopier, telegraphic, telex or cable communication) or mailed (by
first-class mail, postage prepaid) to the parties at the addresses set forth
below.  All such notices and communications shall, when mailed (by first-class
mail, postage prepaid), telecopied, telegraphed, telexed, cabled, or faxed be
effective when deposited in the mails, telecopied, sent by the telegraph
company, confirmed by telex answerback, delivered to the cable company, or
confirmed received in the case of a telecopy or facsimile, respectively.
Alternatively, all such notices and communications shall be deemed effective
when personally delivered to the party at its address below.

                 19.3     Address for Notices or Other Communications.  Any
notice which this Agreement requires to be sent, shall be delivered to the
parties hereto to the following addresses (or, as to each party hereto, to such
other address as shall be designated by such party in a written notice to the
other parties):

                 If to EmCare:

                 EmCare, Inc.
                 1717 Main Street, Suite 5200
                 Dallas, Texas  75201
                 Attention: Robert F. Anderson
                 facsimile: (214) 712-2444

                 If to any PAs:

                 1717 Main Street, Suite 5200
                 Dallas, Texas  75201
                 Attention: Robert F. Anderson
                 facsimile: (214) 712-2444

                 If to Shareholder:

                 Steven W. Cooley, M.D.
                 1717 Main Street, Suite 5200
                 Dallas, Texas  75201






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<PAGE>   9
                 19.4     Resolution of Disputes.  In the event of any dispute
with respect to any matter under this Agreement, all matters in controversy
shall be submitted for binding arbitration to an alternative dispute resolution
firm agreed upon by the parties to such dispute.  The arbitrator shall proceed
under rules and regulations agreed upon by the parties or, if there is no such
agreement, established by the arbitrator.  EmCare, the PAs and Shareholder each
expressly covenants and agrees to be bound by the decision of the arbitrator as
a final determination of the matter in dispute.  The cost of the arbitration
shall be divided equally among the parties to the dispute participating in such
arbitration proceeding.  Unless the parties otherwise agree, arbitration shall
take place in Dallas, Texas.

                 19.5     Waiver.  No waiver of any provision hereof shall be
effective unless made in writing and signed by the waiving party.  The failure
of any party to require the performance of any term or obligation of this
Agreement, or the waiver by any party of any breach of this Agreement, shall
not prevent any subsequent enforcement of such term or obligation nor be deemed
a waiver of any subsequent breach.

                 19.6     Severability.  If any provision of this Agreement is
held for any reason to be unenforceable by a court of competent jurisdiction,
the remainder of this Agreement shall nevertheless remain in full force and
effect.

                 19.7     Further Assurances.  Each of the parties hereto
agrees to execute and deliver any and all additional papers, documents, and
other assurances, and shall do any and all acts and things reasonably necessary
in connection with the performance of his obligations hereunder to carry out
the intent of the parties hereto.

                 19.8     Modifications or Amendments.  No amendment, change,
or modification of this Agreement shall be valid, unless in writing and signed
by all of the parties hereto.

                 19.9     Entire Agreement.  This Agreement constitutes the
entire understanding and agreement of the parties hereto with respect to its
subject matter and any and all prior agreements, understandings, or
representations with respect to its subject matter are hereby terminated and
canceled in their entirety and are of no further force or effect.

                 19.10    Headings.  The headings in this Agreement are
intended solely for convenience of reference and shall be given no effect in
the construction or interpretation of this Agreement.

                 19.11    GOVERNING LAW.  THIS AGREEMENT IS MADE IN, AND SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
TEXAS.

                 19.12    Counterparts.  This Agreement may be executed in
three (3) or more counterparts, each of which shall be deemed an original but
all of which taken together shall constitute one and the same instrument.

                         [SIGNATURES ON THE NEXT PAGE]






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<PAGE>   10
         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the Effective Date.

                                       EMCARE, INC., a Delaware corporation

                                       By:  /s/   WILLIAM F. MILLER, III
                                          -------------------------------------
                                       Name:      William F. Miller, III
                                       Title:     President

                                       PAs:

                                       NETWORK FAMILY PHYSICIANS, INC., a
                                       Texas professional association

                                       By:  /s/   STEVEN W. COOLEY, M.D.
                                          -------------------------------------
                                       Name:      Steven W. Cooley, M.D.
                                       Title:     Senior Vice President

                                       MESA EMCARE, S.C., an Illinois service
                                       corporation

                                       By:  /s/   STEVEN W. COOLEY, M.D.
                                          -------------------------------------
                                       Name:      Steven W. Cooley, M.D.
                                       Title:     Vice President

                                       AEP-EMCARE MEDICAL GROUP, INC., a
                                       California professional corporation

                                       By:  /s/   STEVEN W. COOLEY, M.D.
                                          -------------------------------------
                                       Name:      Steven W. Cooley, M.D.
                                       Title:     President

                                       SHAREHOLDER:
                                       /s/  STEVEN W. COOLEY, M.D.
                                       ----------------------------------------
                                       Steven W. Cooley, M.D., individually

                                       Spouse Consent:
                                       /s/ SUSAN COOLEY
                                       ----------------------------------------


                                  10
<PAGE>   11
                                   SCHEDULE A

                         STOCK OWNERSHIP OF SHAREHOLDER


<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------
                                              NUMBER OF AUTHORIZED           NUMBER OF SHARES OF
   NAME OF PROFESSIONAL ASSOCIATION             SHARES OF STOCK                 STOCK HELD OF
     OR  PROFESSIONAL CORPORATION            ISSUED AND OUTSTANDING         RECORD BY SHAREHOLDER
     ----------------------------            ----------------------         ---------------------
--------------------------------------------------------------------------------------------------
<S>                                         <C>                                   <C>
Network Family Physicians, P.A.             1,000 Authorized Shares                200 Shares
                                            600 Issued and Outstanding

--------------------------------------------------------------------------------------------------
Mesa EmCare, S.C.                           1,000 Authorized Shares                600 Shares
                                            1,000 Issued and Outstanding

--------------------------------------------------------------------------------------------------
AEP-EmCare Medical Group, Inc.              1,000 Authorized Shares               1,000 Shares
                                            1,000 Issued and Outstanding
--------------------------------------------------------------------------------------------------
</TABLE>

                                      11
<PAGE>   12
                                                                       EXHIBIT A

                                    FORM OF
                      AMENDMENT TO SHAREHOLDER DESIGNATION
                          AND STOCK TRANSFER AGREEMENT

         This _____ AMENDMENT TO SHAREHOLDER DESIGNATION AND STOCK TRANSFER
AGREEMENT (this "Amendment") is made and entered into this ___ day of ____,
19__ by and among EMCARE, INC. ("EmCare"); _____________, individually
("Shareholder"); _________, a _________ professional [corporation/association]
("PAs"); and [New PA], a ________ professional [corporation/association] ("New
PA").
                                R E C I T A L S:

         A.      EmCare, Shareholder and the PAs have entered into a Stock
Transfer and Option Agreement dated ________, 19__ (said agreement, as amended,
shall be referred to herein as the "Agreement"; capitalized terms used but not
defined herein shall have the meanings assigned to them in the Agreement), to
provide for the acquisition of the shares of the PAs in certain events and to
otherwise promote the continued and successful operation of the businesses of
the PAs.

         B.      Shareholder contemplates acquiring ____ shares, par value $__,
of stock of New PA (the "New PA Shares").  Pursuant to Section 18 of the
Agreement, EmCare, Shareholder, the PAs, and New PA desire to execute this
Amendment to include the New PA Shares in the definition of "Shares" in the
Agreement and to subject all of Shareholder's interest in New PA to the
Agreement.

         NOW, THEREFORE, in consideration of the foregoing, and of the mutual
covenants and agreements contained herein, the parties hereto hereby agree as
follows:

                 1.       AMENDMENT OF THE AGREEMENT.       The Agreement is,
                 effective as of the date hereof, hereby amended by (i)
                 amending the definition of "Shares" to include the New PA
                 Shares; and (ii) amending the definition of "PA" or "PAs" to
                 include New PA.

         2.      REFERENCE TO AND EFFECT ON THE AGREEMENT.

         (a)     On and after the date hereof, each reference in the Agreement
to "this Agreement", "hereunder", "hereof" or words of like import referring to
the Agreement, shall mean and be a reference to the Agreement as amended
hereby.

         (b)     Except as specifically amended above, the Agreement is and
shall continue to be in full force and effect and is hereby in all respects
ratified and confirmed.

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed and delivered by an officer thereunto duly authorized as of
the date first above written.


                                      12
<PAGE>   13
                                       EMCARE, INC.



                                       By:
                                          -------------------------------------
                                       Name:
                                            -----------------------------------
                                       Title:
                                             ----------------------------------


                                       SHAREHOLDER

                                       ----------------------------------------

                                       ---------------------------,individually


                                       Spouse consent:


                                       ----------------------------------------


                                       [PAs]

                                       [New PA]


                                       By:
                                          -------------------------------------
                                       Name:
                                            -----------------------------------
                                       Title:
                                             ----------------------------------