Envision Healthcare to sell American Medical Response for $2.4B
- Envision Healthcare has entered into a definitive agreement to sell its medical transportation service arm, American Medical Response (AMR).
- Air Medical Group Holdings (AMGH) will purchase AMR and merge their two business to create an integrated medical transportation company.
- The deal is valued at $2.4 billion.
AMGH and AMR are setting out to create an integrated medical transportation company with the capability to serve patients across multiple transport modalities in the patients' time of need. The combined company is expected to transport more than five million patients per year through a fleet of air and ground ambulances across 46 states and the District of Columbia.
“The agreement delivers on our commitment to continue the proud tradition of AMR and enables Envision to focus on its physician-centric strategy and ongoing services, including facility-based provider services, post-acute care and ambulatory surgery," Envision President and CEO Christopher Holden said in a prepared statement.
Last December, Envision Healthcare and AmSurg completed their merger, creating one of the larger physician-staffing companies in the U.S.
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