Air Methods Corp. (AIRM) announced it has entered into a definitive agreement to acquire Tri-State Care Flight for $222.5 million. Air Methods expects the acquisition to be immediately accretive to earnings per share by greater than $0.20 in year one and by greater than $0.30 in year two.
Tri-State is a critical care transport provider servicing Arizona, New Mexico, Nevada, and Colorado. Tri-State generated net revenue of $81.5 million for the fiscal year ended Dec. 31, 2014.
For comments and feedback contact: editorial@rttnews.com
Business News