KKR to Buy En­vi­sion’s Am­bu­lance Busi­ness

The Economic Times - - Around The World -

En­vi­sion Health­care said on Tues­day it would sell its am­bu­lance busi­ness to buy­out firm KKR & Co in an all-cash deal val­ued at $2.4 bil­lion as it sharp­ens its fo­cus on its core busi­nesses. The merger with Amer­i­can Med­i­cal Re­sponse (AMR), the largest US provider of am­bu­lance ser­vices, would al­low KKR’s Air Med­i­cal Group to eas­ily sub­sti­tute costly he­li­copter flights with am­bu­lances for shorter trips. 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. Reuters

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