Air Methods to Acquire OF Air Holdings Corporation
Air medical transportation company Air Methods Corporation has entered into a definitive merger agreement to acquire OF Air Holdings Corporation and its subsidiaries, including Omniflight Helicopters Inc. (together, Omniflight). Omniflight provides air medical transport services throughout the U.S. and provides these services under both the community-based and hospital-based service delivery models, utilizing a fleet of approximately 100 helicopters and fixed-wing aircraft. Omniflight is headquartered in Addison, Texas, with operations in 18 states involving more than 75 base locations.
Upon closing, Omniflight will become a wholly-owned subsidiary of Air Methods. The transaction is expected to close in July 2011.