Paramedics Plus, LLC, a ground-based ambulance provider, has been acquired by A&M Capital Partners, LP, a middle-market private equity fund that is part of the A&M Capital Platform, to form Paramedics Logistics Operating Company, LLC. Paramedics Logistics was acquired from former owner East Texas Medical Center Regional Healthcare System.
Headquartered in Tyler, Texas, Paramedics Logistics is a provider of ground-based 911 emergency ambulance and other critical healthcare transportation services. Paramedics Logistics currently manages a portfolio of exclusive, long-term contracts in Pinellas County, Florida; Alameda County, California; Fort Wayne, Indiana; Sioux Falls, South Dakota and Tyler, Texas.
“I’m extremely pleased about our new partnership with A&M Capital Partners and the potential to grow together,” said Ron Schwartz, President of Paramedics Logistics. “This is an incredible milestone for all of us and a testament to our collective hard work to build this successful business.”
The transition of Paramedics Logistics to the new ownership is expected to create new growth opportunities for its employees while continuing to deliver service and innovation for the patients and communities where they live and work.
“We are proud and excited to partner with Paramedics Logistics,” said Mike Odrich, Senior Managing Director and Co-Founder of A&M Capital. “This group of senior leaders, EMTs, paramedics and the rest of the team at Paramedics Logistics have built an impeccable reputation centered on patient care, saving lives every day in the communities they serve. We look forward to supporting their continued success and providing additional resources to accelerate the next period of organic and acquisition-led growth.”
Winston & Strawn LLP served as legal advisor to A&M Capital. Provident Healthcare Partners acted as the exclusive sell-side advisor to UT Health East Texas and Paramedics Plus.
Source: https://www.emsworld.com/press-release/220221/paramedics-plus-acquired-am-capital-partners?page=2
