Envision Healthcare Holdings, Inc. announced that it has completed the previously announced acquisition of Rural/Metro Corporation (Rural/Metro) through Envision’s medical transportation segment, American Medical Response (AMR). Rural/Metro's operations generate annual revenue of approximately $590 million, and Envision expects to realize efficiencies of $25 to $28 million through 2017 from the integration.
“The addition of Rural/Metro allows us to more rapidly expand Envision’s mobile integrated healthcare delivery offering,” said William A. Sanger, chairman, president and chief executive officer of Envision. “We are focused on working with our healthcare partners to build a more sustainable model that is centered on patient needs, with paramedics and EMTs playing an important role.”
AMR consistently delivers innovative, high-performance healthcare services and superior patient care and the addition of Rural/Metro will enhance those abilities.
“As a former Rural/Metro employee, this feels like a bit of a homecoming for me,” said Edward Van Horne, AMR president and chief executive officer. “I am excited to start working with our new team members to bring enhanced offerings to our community partners as we build synergies and expand capabilities – particularly in mobile integrated healthcare. The population health-centric models at Envision will also allow our team members additional opportunities to grow across AMR as well as at Evolution Health and EmCare.”
The acquisition was funded through committed financing led by Barclays and Goldman, Sachs & Co.