EMS provider Air Evac Lifeteam, founded in West Plains, Mo., in 1985, has new owners, including two private-equity firms. “The decision to sell was not an easy one,” said board chairman Bill Chritton. “Initially, we had no desire to sell. The company is strong, healthy and presents a bright and expanding future.”

Chritton explained that in recent years, as Air Evac expanded at a rapid pace, the company recognized that it could serve more rural areas across the country if it had access to additional capital. “The board concluded that it would be in the best interest of the company, the employees and the people of rural America to turn the reins over to a group of people who can support additional expansion to the fullest extent possible.” Air Evac Lifeteam currently operates in 37 locations in nine states.