Envision Healthcare Air Medical to acquire American Medical Response for $2.4bn.

Envision Healthcare Air Medical, KKR’s portfolio company agreed to acquire American Medical Response, Envision’s medical transportation subsidiary. The offer values at $2.4bn. The combination of AMGH and AMR will create an integrated medical transportation company with the capability to serve patients across multiple transport modalities in the patient’s 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 Envision leadership team conducted a robust process to review strategic alternatives for AMR. 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.” Christopher A. Holden, Envision’s President and Chief Executive Officer.