New York-based private equity firm American Securities LLC has acquired Air Methods Corp., an air medical transportation and tourism company, for approximately $2.5 billion in total. Air Methods CEO Aaron Todd says, “as a private company, Air Methods will have greater flexibility to execute our strategy and pursue long-term growth.”

Air Methods is one of the largest air medical transport providers offering emergency healthcare services in the U.S. In 2016, the target provided lifesaving care to more than 70,000 patients. Englewood, Colorado-based Air Methods has more than 300 flight bases and also operates an air tourism business. With the close of the deal, the target’s common stock will no longer trade on the Nasdaq stock market.

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