Air Medical Group Holdings (AMGH) has agreed to acquire air ambulance company Seven Bar Aviation. Dallas-based SevenBar has a fleet of nine jet and turboprop airplanes and six helicopters, nearly 100 employees, and bases in New Mexico, Texas, Maine, Massachusetts, Virginia, and North Carolina. SevenBar began as an aviation services company in 1947 from a dirt runway on Albert Black’s ranch. It launched air ambulance operations from New Mexico in the 1970s and later moved its headquarters to Dallas. In recent years the company had been run by Albert Black’s grandson, Wade Black.
AMGH plans to align SevenBar with its Med-Trans operations. Med-Trans operates from 95 bases in 29 states and has 1,500 employees. AMGH operates through six subsidiaries: Air Evac Lifeteam, Guardian Flight, Med-Trans, REACH, AirMed International, and EagleMed. Collectively the companies employ 6,000.
AMGH is part of Global Medical Response (GMR), an operator of 7,000 ground ambulances, 306 helicopters, and 106 fixed-wing aircraft from 335 bases. GMR transported 13 million patients in 2018. It operates from 4,000 communities and employs 38,000. GMR was created last year when investment firm KKR acquired American Medical Response, primarily a ground ambulance provider, for $2.4 billion and combined it with its existing portfolio company, AMGH.