Air Methods

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PRESS RELEASE – GRAND PRAIRIE, Texas, Oct. 15, 2020

Air Methods Corporation – the largest civil operator of Airbus helicopters worldwide with more than 450 aircraft in operation – has signed a $24 million, five-year HCare Smart support contract with Airbus Helicopters, Inc. to cover its fleet of 31 EC145 helicopters.

“This is the first of what we hope to be multiple HCare contracts, which allows us to partner with Airbus to drive safety, reliability, and cost targets for our customer base,” said Leo Morrissette, EVP of Operations for Air Methods. “This contract provides us peace of mind knowing that we are working with the manufacturer, to provide a higher level of service, and responsiveness for our patients.”

This is Air Methods’ first HCare contract with Airbus, and discussions are underway to extend similar support coverage to other aircraft models in the Air Methods fleet, which also includes the H125, H130, H135 and H145.  Air Methods is the leading air medical service provider, delivering lifesaving care to more than 70,000 people every year. With nearly 40 years of air medical experience, Air Methods is the preferred partner for hospitals and one of the largest community-based providers of air medical services. Air Methods has a fleet of owned, leased, or maintained aircraft with more than 450 aircraft.

“Air Methods is a key and trusted member of the Airbus family, and we’re extremely proud to help support the life-saving air medical operations they carry out on a daily basis all over the country,” said Anthony Baker, vice president of Customer Support at Airbus Helicopters, Inc. “With nose-to-tail airframe coverage for their EC145 fleet, we will collaborate with Air Methods to  support efficient management, streamline costs and eliminate surprises, with the intent of increasing operational availability and allowing Air Methods to focus its resources on its core business of fully supporting its customer base.” 

HCare is Airbus Helicopters’ comprehensive services offering, delivering tailor-made and competitive solutions to customers. It spans five domains: material management, helicopter maintenance, technical support, training and flight operations, and connected services, with experts available on-call 24/7. The HCare material management service starts out with Easy (on-request catalogue services) and Smart (four by-the-hour options), before progressively building up to Infinite (full availability commitments).

Air Methods Corporation, the global leader in air medical transportation, has announced it has entered into a definitive agreement to acquire Tri-State Care Flight (Tri-State) for $222.5 million.  

Tri-State generated net revenue of $81.5 million for the fiscal year ended Dec. 31, 2014.

The transaction, which was unanimously approved by Air Methods’ board of directors, is expected to be immediately accretive to Air Methods’ earnings per share by greater than $0.20 in year one and by greater than $0.30 in year two. Upon closing, Tri-State will become a wholly-owned subsidiary of Air Methods.

“We are very excited about the acquisition of Tri-State,” said Aaron Todd, chief executive officer of Air Methods. “It represents an opportunity to integrate best practices and further extend Air Methods’ commitment to quality, patient outcomes and safety. We look forward to welcoming Tri-State to the Air Methods team.”

Founded in 2002, Tri-State is a critical care transport provider servicing Arizona, New Mexico, Nevada, and Colorado. Tri-State’s primary mission is to rapidly transport critically ill and injured patients for health care facilities and emergency medical services (EMS) agencies while providing the highest level of care available.

Dr. Blake Stamper, founder and managing member of Tri-State, said, “As a global leader in air medical transport services, Air Methods shares our commitment to superior customer service and the  best clinical outcomes for patients in need. By combining with Air Methods, we will be able to serve even more patients across our footprint. We are confident that this will be a seamless transition for our employees, patients and other stakeholders.”

Images courtesy and copyright Oscar BERNARDI.

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