St. Louis’ Abbott EMS to get new owner in $2.4 billion deal

https://www.bizjournals.com/stlouis/news/2017/08/08/st-louis-abbott-ems-to-get-new-owner-in-2-4.html

NASHVILLE, TN – (Eric Snyder, Nashville Business Journal.  Please click on the link above for the full story.  Here is an excerpt below.

Envision Healthcare Corp. has reached a deal to sell a subsidiary in an all-cash deal worth $2.4 billion.

According to a news release, Nashville, Tennessee-based Envision will sell its ambulance business, American Medical Response, to buyout firm KKR & Co. KKR will combine American Medical Response with its Texas-based Air Medical Group.

“We are pleased to have identified a strong partner for American Medical Response,” Christopher Holden, Envision’s president and CEO, said in a news release. “The Envision leadership team conducted a robust process to review strategic alternatives for AMR. The agreement delivers on our commitment to continue the proud tradition of AMR and enables Envision to focus on its physician-centric strategy and ongoing services, including facility-based provider services, post-acute care and ambulatory surgery.”