Private equity firm Kohlberg Kravis Roberts & Co. LP (NYSE: KKR) is buying Air Medical Group Holdings from Bain Capital and Brockway Moran & Partners.
Lewisville, Texas-based Air Medical provides emergency transportation services to people with critical health problems or injuries who are too far away from hospitals to be transported by ground. The company moves more than 75,000 patients every day via helicopters and airplanes. The company also provides ground transportation. Terms of the transaction are not disclosed. Mergers & Acquisitions reported the business was for sale in February.