INSIGHT

Air MedicalAir Medical, LLC (Air Medical) 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. (NYSE: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 Healthcare Partners.

“AMGH has been rapidly growing, and Air Medical will be the perfect addition for AMGH to expand its growing footprint, not only in Texas but throughout the entire country,” stated Justin Hand, Managing Director at Provident Healthcare Partners.

About Air Medical
Air Medical was founded in 2001 by Joe McCart and Eric Helton and has grown to be the largest fixed wing air ambulance company in Texas and in the Top Ten in the nation. The company’s base of operations is at San Antonio International Airport where its 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 www.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 offers unparalleled medical care and bedside-to-bedside transportation on a worldwide basis and has some of the most experienced air medical crews in the industry. Chosen as a preferred operator for many of the top hospitals around the globe, as well as a contracted carrier for the U.S. Department of Defense, AirMed operates its own fleet of fully customized and permanently configured jets. With state-of-the-art medical jets and experienced and respected medical teams, AirMed is able to deliver an uncompromising standard of care. 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. AirMed provides worldwide services from multiple bases strategically located across the globe. With accreditation from both CAMTS and EURAMI, AirMed is able to deliver excellent transport experiences to customers regardless of location. AirMed International is an Air Medical Group Holdings company. For more info go to 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: Air Evac Lifeteam, Med-Trans, REACH, AirMed International and Lifeguard, which collaborate with leading hospital systems, medical centers and EMS agencies to offer improved access from America’s outlying communities to higher levels of care. Headquartered in Lewisville, Texas, AMGH offers an array of customized air and ground medical program designs. 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 along with 200 ground ambulances. AMGH is a holding of KKR. For more information, please visit www.amgh.com.

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. For more information, visit the Provident website www.providenthp.com.

Contact:
Provident Healthcare Partners
Gina Casiello, Senior Analyst
877-742-9800

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  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”