Air Methods Enters Into Long-Term Agreement With Vanderbilt LifeFlight
April 02 2015 - 9:00AM
Air Methods Corporation (Nasdaq:AIRM), the global leader in air
medical transportation, announced today that it entered into a
partnership with Vanderbilt University to acquire certain assets
utilized in connection with the Vanderbilt LifeFlight Program,
including medical equipment and three Airbus Helicopters EC-145
aircraft, as well as a 10-year agreement restructuring the program
under Air Methods' Alternative Delivery Service Model.
Under the Alternative Delivery Service Model, Air Methods will
provide aviation, fuel, maintenance, aircraft, dispatch, billing
and EMS licensure. Vanderbilt will continue to provide all medical
staffing, patient care and clinical services for Vanderbilt
LifeFlight. The program will continue to operate under the
Vanderbilt LifeFlight branding.
Mike Allen, Air Methods' president of domestic air medical
services, stated "Air Methods and Vanderbilt LifeFlight have a
strong partnership and track record of delivering high quality
service to communities across Tennessee and the region. In this new
service model, we will continue in our mission to give more
tomorrows by providing the highest quality, around-the-clock
service in partnership with Vanderbilt University and the exemplary
patient care that has been their hallmark."
Vanderbilt LifeFlight currently provides hospital-based
emergency air medical transport services throughout Tennessee and
Southern Kentucky, with remote helicopter bases in Lebanon,
Tullahoma, Clarksville, Smyrna and Mt. Pleasant, Tenn. Soon, a
sixth base will open in Henry County, Tenn. LifeFlight also
operates a fixed-wing aircraft (airplane) base at Nashville
International Airport.
"We look forward to continuing Vanderbilt LifeFlight's
commitment to excellence in patient care and patient safety with
our longtime partner and industry leader," said Stephan Russ, M.D.,
associate professor of Emergency Medicine at Vanderbilt University
Medical Center and associate chief of staff for Vanderbilt
University Hospital. "Vanderbilt LifeFlight has been delivering
industry leading medical care as a community asset since 1984, and
we trust that this opportunity will strengthen the access, reach
and viability of the program for many more years to come."
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.
CONTACTS: Trent J. Carman, Chief Financial
Officer, (303) 792-7591. Please contact Christina Brodsly at (303)
256-4122 to be included on the Company's e-mail distribution
list.
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