Air Methods which is the largest company when it comes to air ambulance services in the United States is all set to get even bigger. It has recently acquired Tristate Air Ambulance Services. Tristate CareFlight is being sold for a whopping $224.5 million. The company is based in Bullhead City, Arizona, while Air Methods is based in Englewood, Colarado. Of course, the reach of Air Methods’ medical flight services is unparalleled in the United States.
Air Methods has over 300 bases throughout the country and serves 48 states in the country. The deal will make Tristate Air Ambulance Services a fully owned subsidiary of Air Methods, which means the company will still retain its name.
A Little About Tristate Air Ambulance Services
Tristate Air Ambulance Services was founded in the year 2002. It has been catering to patients based in four states – Nevada, Arizona, Colorado, and New Mexico. Having been in the industry for so long, the air ambulance company has quite a few aircrafts, personnel and a great customer base.
The Officials of Both Air Ambulance Services were Optimistic
The founder and managing member of Tristate Air Ambulance Services, Dr. Blak Stamper expressed his pleasure about the deal. He said that the company was glad as they would now be able to reach a wider customer base and in turn serve more people. The CEO of Air Methods, Aaron Todd was equally optimistic about the whole thing and opined that the deal would “integrate the best practices” of both the air ambulance companies.
The whole deal has been financed by Air Methods’ credit facility. The deal is slated to be completed within the next month or two owing to legal and regulatory norms. It must be noted that United Rotorcraft Division of Air Methods is involved in manufacture and design of aircrafts too. It also offers aircraft maintenance services.