Air Medical Acquired By AMGH’ AirMed
Air Medical, the largest fixed wing air ambulance company in Texas,, acquired by AirMed International, part of AMGH, the largest independent provider of emergency air medical services in the world
AMGH, March 23, 2017 - BOSTON and LOS ANGELES - Air Medical, LLC has been acquired by AirMed International, LLC (AirMed), a subsidiary of Air Medical Group Holdings (AMGH).
AMGH is a portfolio company of KKR & Co. L.P. (KKR). Air Medical is a CAMTS (Commission on Accreditation of Medical Transport Services) accredited air medical service that provides emergency air transport to the citizens of Texas and beyond.
Provident Healthcare Partners served as exclusive financial advisor to Air Medical. The terms of the transaction were not disclosed.
"From the beginning, I always felt as though Provident was a great partner for this process. Provident always had our best interests in mind and played a key role in bringing this transaction to a successful close," commented Joe McCart, Chairman of Air Medical.
"Joe McCart and his team at Air Medical have built an exceptional emergency air transport business with bedside to bedside service," noted Steven Aguiar, Managing Director at Provident.
About Air Medical: Air Medical, founded in 2001 by Joe McCart and Eric Helton, has grown to be the largest fixed wing air ambulance company in Texas and in the Top Ten in the nation. The company's fleet has grown to three jets and two turboprop planes, and its flight team now includes 14 pilots and 16 medical personnel. The Company maintains its own Part 135 Air Carrier Certificate. For more information, please visit https://air-medical.com/
About AirMed International: With global reach, AirMed International is one of the leading air medical transport companies in the world, with more than 20,000 missions in all 50 states and over 150 countries on six continents. AirMed owns and operates all aircraft, as well as employing its own dispatch, fight, and medical teams. This vertical integration ensures seamless service and world-class care 24/7/365. With accreditation from both CAMTS and EURAMI, AirMed delivers excellent transport experiences to customers regardless of location. AirMed International is an AMGH company. For more information, please visit www.airmed.com.
About Air Medical Group Holdings: AMGH is the largest independent provider of emergency air medical services in the world operating through five subsidiaries including AirMed International. AMGH is a team of more than 6,000 professionals focused on safely transporting and caring for the critically ill, and provides services from approximately 270 operating locations using a fleet of 300 medically-equipped helicopters and fixed wing aircraft. AMGH is a holding of KKR.
About Provident Healthcare Partners: Provident is the leading investment banking firm specializing in merger and acquisition advisory, strategic planning, and capital formation for middle-market and emerging growth healthcare companies. The firm has a vast network of high-level, senior industry contacts, comprehensive knowledge of market sectors and specialties, and unsurpassed experience and insight into the M&A process. Provident uncovers value and opportunities that others often overlook to create transaction premiums for its clients.
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