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Romney’s Old Firm to Buy Air Ambulance Service

Romney’s Old Firm to Buy Air Ambulance Service

According to a filing with the Federal Trade Commission and a report by Moody’s Investor Services, Mitt Romney’s old asset management and financial service company Bain Capital is purchasing the established air ambulance service REACH that operates in Texas, California, and Oregon.

Air Medical Group Holdings Inc., which was bought by Romney’s old investment firm and became its subsidiary in 2010, will take on roughly $250 million in debt in order to fund the acquisition.

According to a report on the Dow Jones LBO Wire, experts expect the purchase to increase Air Medical Group Holdings Inc.’s debt-to-earnings before interest taxation depreciation and amortization to between 6 times and 6.3 times, up from 5.8 times. However, they also predict that that ratio will fall under 6 times debt to Ebitda in the next 12 to 18 months “due to anticipated continued growth.”

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STAT MedEvac Clinical Op Director Receives Leadership Award

STAT MedEvac Clinical Op Director Receives Leadership Award

John W. Lovett, Clinical Director of the STAT MedEvac air medical transport service of the Center for Emergency Medicine of Western Pennsylvania in Pittsburgh, just received the STARS of Life Award at The Ambulance Association of Pennsylvania (AAP) Leadership Conference.

Lovett was recognized at the AAP Leadership Conference as a quintessential leader in quality assurance and patient/provider safety.

His work integrating the concepts and philosophy of the CAMTS-required “Just Culture” into his organization’s air medical program was recognized as well.

Additionally, John’s work with a Jewish Healthcare Foundation EMS safety/quality fellowship grant to investigate the application of aviation safety initiatives to the delivery of patient care was recognized.

Pictured: John W. Lovett (center), RN, MSN, MBA, CMTE, CFRN, Director of Clinical Operations, STAT MedEvac

Lovett’s receipt of the Ambulance Association of Pennsylvania award reflected his reputation as an “independent, critical thinker; self-motivated and dedicated to patients, his colleagues and the organization.”

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FEMA, DOD Airlift Medical Professionals into NYC

FEMA, DOD Airlift Medical Professionals into NYC

USTRANSCOM, the sub-department of the US Department of Defense known as the United States Transportation Command, airlifted 300 medical professionals into New York City yesterday.

These airlifted medical personnel are desperately needed in the areas of New York City most affected by Hurricane Sandy.

Primarily, these teams of healthcare professionals known as Disaster Medical Assistance Teams (DMAT), including nurses and doctors, will be attending to New York’s at-risk nursing home residents and other at-risk elderly.

USNORTHCOM, the United States Northern Command that provides military support for civil authorities within the U.S., has staged four medium rotary wing utility aircraft and four medium rotary wing “Search and Rescue” aircraft at Hanscom AFB, Mass., for potential logistical and search and rescue operations along the coasts of Mass., Conn., and Rhode Island to provide support for FEMA.

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EC155 and EC130 Showcased at Air Medical Transport Conference

EC155 and EC130 Showcased at Air Medical Transport Conference

Today and for the next two days, American Eurocopter, one of the U.S.’s largest manufacturers and suppliers of civil helicopters and rotor-wing air ambulances, is showcasing the University of Michigan’s EC155 and Air Methods’ EC130 at the 2012 Air Medical Transport Conference in Seattle, WA.

The helicopters being showcased at the AMTC represent some of the most technologically advanced civil aircraft in the world today.

By demonstrating the aircrafts’ capabilities at the Seattle conference, they hope to gain an even larger share of the HEMS market. American Eurocopter, a bonafide air medical industry leader, had approximately 50% of the U.S. air ambulance aircraft market according to 2005 data.

American Eurocopter’s EC130 B4 is used by several major air medical services in the U.S. and around the world.

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Medal of Honor Recipient Chronicles Air Medical Operations in Vietnam

Medal of Honor Recipient Chronicles Air Medical Operations in Vietnam

As the U.S. solemnly remembers the 50th anniversary of the Vietnam War, one highly decorated veteran has helped us to remember the sacrifices made by military air ambulance crews during the conflict.

In Dead Men Flying: Victory in Viet Nam, Medal of Honor recipient Major General Patrick H. Brady (Ret.) tells how U.S. humanitarian air medical evacuation efforts originated and eventually played a critical role in the Vietnam War.

These aeromedical missions were not limited only to rescuing American soldiers, but Vietnamese soldiers and civilians as well.

The heart of the U.S.’s airborne medical evacuation efforts in the war was comprised by the operation Dust Off, a very dangerous helicopter rescue operation. Each air medical crew in Dust Off consisted of four people: two pilots, a medic and a crew chief. Gen. Brady headed the 54th Medical Detachment, which was directly responsible for saving the lives of literally thousands of enemy and friendly personnel.

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