Denver-based Air Methods Corporation has reached a definitive agreement to acquire all of FSS Airholdings’ stock, the parent company of medical helicopter provider CJ Systems. CJ operates 113 medevac helicopters and fixed wing aircraft and employs 800 nationwide. The deal is valued at $25 million and is expected to close by the end of October. Last year FSS posted a net income of $1.2 million on revenue of $128.8 million.
Air Ambulances in the United States
The patient was killed and the three crewmembers injured when their Air Evac Lifeteam Bell 206 crashed April 20 about 30 miles northeast of Evansville, Ind. According to an FAA preliminary report, the engine quit in flight. It was not immediately known if weather, described as good visibility under an overcast, was a factor in the accident. Air Evac Lifeteam is based in West Plains, Mo., and currently has 39 bases in 12 states.
A call comes in to operations: a young American woman vacationing on a dive boat in the Caribbean is suffering from serious burns after a fire broke out on board the vessel. Her passport and all documents were lost in the accident, and she needs to be repatriated to the U.S. for medical attention–fast.
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