EagleMed sold
Wichita, US-based EagleMed, a provider of aeromedical transportation services, is being sold for an undisclosed price to Brockway Moran & Partners Inc. and MVP Capital Partners, through their investment in Air Medical Group Holdings Inc. (AMGH). The former owners of EagleMed, Jimmy and Iva Ballard, are to stay with the company for at least two years in order to help with the transition, but both plan to retire from the industry after that time, although they will serve in an advisory capacity on the board of directors. EagleMed operates from 15 bases in Kansas, Oklahoma and Missouri with a fleet of 12 helicopters and six Hawker Beechcraft King Air planes spread across the bases.AMGH already has extensive experience in the provision of air medical services in the US, as it operates through two subsidiaries, Air Evac Lifeteam and Med-Trans Corp., which together account for the majority of emergency air medical transports in the US. Iva Ballard, who serves as AMGH’s executive vice-president, said: “I think [the sale] will be an extremely healthy move for the company.” Following the confirmation of the sale, EagleMed will operate as another independent entity of AMGH, with its headquarters still in Wichita. According to Michael Moran, a managing partner at Brockway Moran, EagleMed was an attractive proposition partly due to the excellent relationships that it has built with local hospitals. He continued: “EagleMed operates a high-quality operation with an emphasis on outstanding patient care, aviation excellence and exceptional customer service. Our plan is to have EagleMed operate as an independent subsidiary under AMGH.” After the sale, members of EagleMed’s programme will enjoy reciprocal agreements with other AMGH companies across a 15-state service area.
Wichita, US-based EagleMed, a provider of aeromedical transportation services, is being sold for an undisclosed price to Brockway Moran & Partners Inc. and MVP Capital Partners, through their investment in Air Medical Group Holdings Inc. (AMGH). The former owners of EagleMed, Jimmy and Iva Ballard, are to stay with the company for at least two years in order to help with the transition, but both plan to retire from the industry after that time, although they will serve in an advisory capacity on the board of directors. EagleMed operates from 15 bases in Kansas, Oklahoma and Missouri with a fleet of 12 helicopters and six Hawker Beechcraft King Air planes spread across the bases. AMGH already has extensive experience in the provision of air medical services in the US, as it operates through two subsidiaries, Air Evac Lifeteam and Med-Trans Corp., which together account for the majority of emergency air medical transports in the US. Iva Ballard, who serves as AMGH’s executive vice-president, said: “I think [the sale] will be an extremely healthy move for the company.” Following the confirmation of the sale, EagleMed will operate as another independent entity of AMGH, with its headquarters still in Wichita. According to Michael Moran, a managing partner at Brockway Moran, EagleMed was an attractive proposition partly due to the excellent relationships that it has built with local hospitals. He continued: “EagleMed operates a high-quality operation with an emphasis on outstanding patient care, aviation excellence and exceptional customer service. Our plan is to have EagleMed operate as an independent subsidiary under AMGH.” After the sale, members of EagleMed’s programme will enjoy reciprocal agreements with other AMGH companies across a 15-state service area.