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Rural/Metro To Be Acquired By Envision Healthcare

www.ruralmetro.com

Rural/Metro Ambulance, the Arizona-based company which has operations across the country including Rochester, is being acquired by American Medical Response, which is a subsidiary of Colorado-based Envision Healthcare. 

The Wall Street Journal says the purchase price is $620 million in cash. A statement issued by Rural/Metro Corporation says that the merger combines two diverse companies with distinct product offerings and geographic footprints that complement one another

Rural/Metro says the deal will accelerate the business transformation that company has been undergoing. Rural/Metro emerged from Chapter 11 bankruptcy in late 2013.

An official with Rural/Metro says the progression of healthcare reform is driving new models for delivering services as well as reimbursement and the company says the merger will allow it to expand service offerings to the communities it operates in.

The deal is pending federal approval.

Randy Gorbman is WXXI's director of news and public affairs. Randy manages the day-to-day operations of WXXI News on radio, television, and online.