Air Methods To Acquire Tri-State Flight for $222M | Aviation International News

Air Methods To Acquire Tri-State Flight for $222M

Tri-State was founded in 2002 and operates a mixed fleet of 19 EMS helicopters and four fixed-wing aircraft from bases in the U.S. Southwest.

By Mark Huber • Contributor

November 6, 2015

Air Methods announced its intention on November 5 to acquire air medical provider Tri-State Care Flight for $222.5 million. Tri-State was founded in 2002 and operates a mixed fleet of 27 aircraft. Among those are 19 EMS helicopters (AW109Es, AW119s and AS350s) and airplanes (King Air B200s) flown from bases in Arizona, Colorado, Nevada and New Mexico. Tri-State employs 350 people and generated net revenue of $81.5 million last year.

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