Friday, August 27, 2010

Bain to Buy Air Medical Group for Nearly $1 Billion

Two private equity underwriters, Brockway Moran & Partners and MVP Capital Partners, will sell Air Medical Group to Bain Capital LLC. WSJ reported:

Air Medical operates three subsidiaries that work with hospitals and emergency services to provide medical care, including Missouri-based Air Evac Lifeteam, Texas-based Med-Trans Corp. and Kansas-based EagleMed.
Air ambulance services are horribly expensive. How might nearly $1 billion in debt impact Air Medical Group's charges? There is no information on buyout financing, much less profits, as this is a PEU to PEU deal.

This deal has local impact as Shannon Medical Center's AirMed 1 is a Med-Trans chopper. They'll find over time how things change under Bain. Meanwhile, PEU health care deals continue.