Halister News

(Bloomberg) -- Envision Healthcare and an entity controlled by funds affiliated with KKR have entered a definitive agreement under which KKR’s portfolio company, Air Medical Group Holdings (AMGH), and Envision’s medical transportation subsidiary, American Medical Response (AMR), will combine to create a new industry leading medical transportation company. * Transaction will be structured as a cash acquisition of AMR from Envision valued at $2.4 billion. * Following closing of deal, AMR and AMGH will continue to support operations from two key leadership locations in Greenwood Village, CO, and Lewisville, TX * Fred Buttrell will continue as President and Chief Executive Officer of the Air Medical division. * Edward Van Horne will continue as President and Chief Executive Officer of the AMR division Link to Statement: Envision Healthcare to Sell American Medical Response To contact the reporter on this story: Robert Lavelle in New York at rlavelle@bloomberg.net