M&A Deal Summary

Coastal Medical Transportation Systems Acquires Fallon Ambulance Service

On December 7, 2022, Coastal Medical Transportation Systems acquired healthcare services company Fallon Ambulance Service from Transformative Healthcare

Acquisition Highlights
  • This is Coastal Medical Transportation Systems’ 2nd transaction in the Healthcare Services sector.
  • This is Coastal Medical Transportation Systems’ 2nd transaction in the United States.
  • This is Coastal Medical Transportation Systems’ 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2022-12-07
Target Fallon Ambulance Service
Sector Healthcare Services
Buyer(s) Coastal Medical Transportation Systems
Sellers(s) Transformative Healthcare
Deal Type Divestiture

Target

Fallon Ambulance Service

Quincy, Massachusetts, United States
Fallon Ambulance Service provides 9-1-1 ambulance service to the Cities and Towns of Brookline, Dedham, and Milton. Fallon Ambulance operates a full secondary Public Safety Answering Point (PSAP), which helps deliver Emergency Medical Dispatch services. Fallon also provides medical transportation for hospitals and HMOs throughout the Commonwealth. It is also contracted with most major commercial insurers and HMOs including Blue Cross Blue Shield, Fallon Community Health Plan, Harvard Pilgrim Healthcare, and Tufts Health Plan. Fallon Ambulance Service was formed in 1923 and is headquartered in Quincy, Massachusetts.

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Buyer(S) 1

Buyer

Coastal Medical Transportation Systems

Hyannis, Massachusetts, United States
Category Company
Founded 2013
Sector Transportation
DESCRIPTION

Coastal Medical Transportation Systems is a 24/7 non-emergency transportation service serving healthcare institutions and patients across New England. The company provides best-in-class client care and a personalized experience to our clients with a variety of services from mobile COVID-19 testing and vaccination, Basic Life Support (BLS), Advanced Life Support (ALS), as well as wheelchair and walk-on transportation to and from their desired destination or event, for both medical and non-medical appointments. Coastal Medical Transportation Systems was formed in 2013 and is based in Hyannis, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Divestiture) 2 of 2
State (Massachusetts) 2 of 2
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 Lifeline Ambulance Service

Woburn, Massachusetts, United States

Lifeline Ambulance Service is a locally-owned healthcare logistics company focused on helping client healthcare facilities improve patient outcomes, increase service quality and efficiency, and reduce costs across the healthcare system. Lifeline Ambulance Service was formed in 2006 and is based in Woburn, Massachusetts.

Buy -

Seller(S) 1

SELLER

Transformative Healthcare

Newton, Massachusetts, United States
Category Company
Founded 2015
Sector Healthcare Services
DESCRIPTION

Transformative Healthcare provides emergency medical services, inter-facility medical transportation, and mobile integrated healthcare solutions. The company creates partnerships that combine technology-driven, patient logistics, and data analytics to improve patient outcomes. It provides large-scale, mobile COVID-19 solutions including testing, resulting, contact-tracing, quarantine management, and vaccine administration. Transformative Healthcare was formed in 2015 and is based in Newton, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Divestiture) 2 of 2
State (Massachusetts) 2 of 2
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 Lifeline Ambulance Service

Woburn, Massachusetts, United States

Lifeline Ambulance Service is a locally-owned healthcare logistics company focused on helping client healthcare facilities improve patient outcomes, increase service quality and efficiency, and reduce costs across the healthcare system. Lifeline Ambulance Service was formed in 2006 and is based in Woburn, Massachusetts.

Sell -
Mergr

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