(Reuters) – Envision Healthcare Corp (EVHC.N) said it would sell its medical transportation unit, American Medical Response, to buyout firm KKR & Co’s (KKR.N) portfolio company, Air Medical Group Holdings, in a deal valued at $2.4 billion.
The deal would create a new medical transportation company, which is expected to transport more than five million patients per year through a fleet of air and ground ambulances, Envision said on Tuesday.
Reporting by Arunima Banerjee in Bengaluru; Editing by Arun Koyyur