M&A Deal Summary

Global Medical Response Acquires REACH Air Medical Services

On December 1, 2012, Global Medical Response acquired healthcare services company REACH Air Medical Services from New Heritage Capital and The Stephens Group

Acquisition Highlights
  • This is Global Medical Response’s 1st transaction in the Healthcare Services sector.
  • This is Global Medical Response’s 1st transaction in the United States.
  • This is Global Medical Response’s 1st transaction in California.

M&A Deal Summary

Date 2012-12-01
Target REACH Air Medical Services
Sector Healthcare Services
Buyer(s) Global Medical Response
Sellers(s) New Heritage Capital
The Stephens Group
Deal Type Add-on Acquisition

Target

REACH Air Medical Services

Santa Rosa, California, United States
REACH Air Medical Services is a provider of emergency air medical transport services. REACH provides the highest quality patient care through 18 bases in California, Oregon and Texas utilizing a fleet of 29 rotor-wing and fixed-wing aircraft.

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Buyer(S) 1

Buyer

Global Medical Response

Greenwood Village, Colorado, United States

Category Company
Founded 2004
Sector Transportation
Employees38,000
DESCRIPTION

Global Medical Response is a provider of medical transportation services formed by bringing together Air Medical Group Holdings (AMGH) and American Medical Response (AMR). Global Medical Response was founded in 2004 and is based in Greenwood Village, Colorado.


DEAL STATS #
Overall 1 of 5
Sector (Healthcare Services) 1 of 3
Type (Add-on Acquisition) 1 of 4
State (California) 1 of 1
Country (United States) 1 of 5
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-14 Lifeguard Air Ambulance

Pensacola, Florida, United States

Lifeguard provides full service ground and fixed-wing air medical transport services in five states and is one of the largest 911 and non-911 providers in the southeast United States.

Buy -

Seller(S) 2

SELLER

New Heritage Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

New Heritage Capital LLC is a private investment firm specializing in the acquisition and equity-based recapitalization of private, family owned businesses. Heritage looks to invest in growing, middle-market companies with at least $30 million in annual revenue and EBITDA of at least $4 million. Target sectors include aerospace, consumer products, food/beverage, media/publishing, healthcare, manufacturing, pet products, plastics/packaging, printing, and value-added distribution. New Heritage Capital LLC was formed in 2006 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 15 of 22
Sector (Healthcare Services) 3 of 4
Type (Add-on Acquisition) 7 of 9
State (California) 4 of 4
Country (United States) 13 of 19
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 PT-1 Ambulance

Cotati, California, United States

PT-1 Ambulance is a provider of patient logistics services to hospital systems in Northern California. We deliver unparalleled customer service, pairing the latest mobile technology with innovative solutions to streamline efficiency throughout the patient care process. PT-1 Ambulance was founded in 2000 and is based in Cotati, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-27 Intralign Health

Scottsdale, Arizona, United States

Intralign Health is a specialty healthcare services company offering an integrated suite of services to hospitals and health systems. Intralign’s orthopedic solutions provide data-driven efficiency tools, care-centered design processes and clinical support services to healthcare providers, enabling them to better control the economics and quality of major joint replacements.

Buy -
SELLER

The Stephens Group

Little Rock, Arkansas, United States

Investor Investor Investor Investor Investor


Category Family Office
Founded 1933
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Stephens Group is a private investment firm focused on long-term investments in mid-sized companies. The Firm looks to partner with management teams when pursuing acquisitions. Sectors of interest include energy, energy services, business services, industrials, consumer products, consumer services, financial services, healthcare, technology, media, and communications. The Stephens Group was originally established in 1933 and is headquartered in Little Rock, Arkansas.


DEAL STATS #
Overall 14 of 28
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 7 of 12
State (California) 1 of 1
Country (United States) 12 of 25
Year (2012) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-26 JV Industrial Companies

Pasadena, Texas, United States

​JV Industrial Companies offers engineering and technical services to heavy industrial clients in the United States. It provides engineering procurement and construction services; turnaround management, planning and controls; general mechanical and turnaround services; specialty welding; automated welding technology; scaffolding and insulation; field machining and bold torquing; and shop fabrication.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 Viking Range

Greenwood, Mississippi, United States

Viking Range Corporation is an ultra-premium major appliance manufacturer and culinary lifestyle company that originated commercial-type appliances for the home and is the creator of the “Professional” category of major appliances. Viking is headquartered in Greenwood, Mississippi.

Sell $380M