REACH Air Medical Transport, since its inception in the year 1987 has served more than 100,000 people. In a bid to expand its reach, the US air ambulance company has now acquired Summit. Before the acquisition, REACH was operational in California, Texas, and Oregon. It flew from 27 airbases.
Summit Air Ambulance has so far covered Montana and Nevada and was operational through seven airbases. It has so far served over 7 thousand patients. Summit, at this point, owns eight air medical transport vehicles which includes choppers and airplanes.
REACH Air Medical Transport has Been Amidst Acquisitions Lately
It all began when REACH itself became a part of Air Medical Group Holdings (AMGH) in 2012. AMGH is believed to have financed the deal by borrowing $245 million at the time. Since then, REACH Air Medical Transport has expanded exponentially. It had acquired Emergency Air Lift last year, which had brought two choppers and an airplane to its fleet of existing air ambulances.
The current acquisition of Summit has added about 100 employees to the organization which already was employing about 470 people. It is worthy to note here that REACH Air Medical Transport also operates Cal-Ore Life Flight.
REACH Air Medical Transport is Optimistic about the Acquisition
The VP of REACH Air Medical Transport, Anna Blair, who handles business development and relations, said that they had been watching Summit for quite sometime and were impressed by the way the company operates. The president of REACH Sean Russel expressed his excitement about the deal and said that they look forward to serve the new communities in all three states that Summit was formerly engaged with. He said that the current focus remains on bringing uninterrupted services to the existing client base of Summit.
It must be noted here that the parent company AMGH is associated with Bain Capital, an investment firm which had close ties with Mitt Romney, the former presidential candidate.
