Fierce Healthcare April 15, 2021
Intermountain Healthcare has agreed to purchase medical air transport company Classic Air Medical in a move to reinforce its rural care services and extend telehealth capabilities.
Announced yesterday, the transaction is set to close by summer 2021. The financial terms of the deal were not disclosed.
The not-for-profit health system said it intends to keep Classic independent from its existing Intermountain Life Flight air medical program and also plans to maintain Classic’s leadership and roughly 400 employees.
“The services provided by Classic augment our ability to care for people in an affordable and convenient way,” Rob Allen, senior vice president and CEO of Intermountain, said in a statement. “With a relentless focus on improving value-based care, especially in rural areas,...