Air Methods Acquires Baptist LifeFlight
June 24 2014 - 4:01PM
Air Methods Corporation (Nasdaq:AIRM), the global leader in air
medical transportation, announced today that it acquired the four
bases of Baptist LifeFlight, owned by Baptist Health Care (BHC) of
Pensacola, Fla. The change is effective immediately, with continued
service to three states along the Gulf Coast, including the Florida
panhandle, southern Alabama up to Montgomery, Ala., and southern
Mississippi.
Mike Allen, Air Methods' President of Domestic Air Medical
Services, stated "Air Methods is honored that Baptist Hospital has
chosen to allow us to continue the proud history and tradition of
this high quality service to the community. As BHC's partner in
providing high quality aviation services to the region, we now will
have the opportunity to serve the Gulf Coast region through all
facets of our air medical skill sets. We are proud that most of the
clinical and management professionals from Baptist LifeFlight have
joined Air Methods as we move forward in this new service
model."
The four bases are located in Pensacola, Fla., Semmes, Ala.,
Greenville, Ala., and Hattiesburg, Miss. each with an EC130
aircraft owned and operated by Air Methods. Prior to the
acquisition, Air Methods staffed each location with five employees,
including four pilots and one mechanic per base. As part of the
acquisition, 43 clinical Baptist employees joined the Air Methods
team. In addition, Air Methods acquired substantially all of
Baptist LifeFlight's assets, including the program name, branding
and medical equipment.
"Air Methods has been a great partner to us for quite some time
now," said Andy Terry, Vice President Revenue Management, Baptist
Health Care. "We believe this opportunity will ensure the longevity
and viability of the program we strongly believe in. With the
resources Air Methods has to offer, the program and employees will
draw from a larger network for future success of Baptist LifeFlight
for many years to come."
Baptist LifeFlight was the third hospital-based aeromedical
helicopter program in the United States. The program will continue
to fly adult and pediatric critically-ill and injured patients to
Baptist Hospital in Pensacola, Fla., Sacred Heart Hospital in
Pensacola, Fla., Baptist South Hospital in Montgomery, Ala.,
University of South Alabama in Mobile, Ala. and Forrest General
Hospital, Hattiesburg, Miss.
Air Methods Corporation (www.airmethods.com) is the global
leader in air medical transportation. The Air Medical Services
Division is the largest provider of air medical transport services
in the United States. The United Rotorcraft Division specializes in
the design and manufacture of aeromedical and aerospace technology.
The Tourism Division is comprised of Sundance Helicopters, Inc. and
Blue Hawaiian Helicopters, which provides helicopter tours and
charter flights in the Las Vegas/Grand Canyon region and Hawaii,
respectively. Air Methods' fleet of owned, leased or maintained
aircraft features over 450 helicopters and fixed wing aircraft.
Please contact Christina Brodsly at (303) 256-4122 to be
included on the Company's e-mail distribution list.
CONTACT: Trent J. Carman, Chief Financial Officer, (303) 792-7591
Air Methods Corp. (NASDAQ:AIRM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Air Methods Corp. (NASDAQ:AIRM)
Historical Stock Chart
From Jul 2023 to Jul 2024