This Just In …
Within days of interviewing Wharton for this feature, REACH announced another milestone—their merger with CALSTAR, one of the oldest and largest HAA providers in California. Founded in 1984, CALSTAR has approximately from nine bases of operation.
The timing of this announcement could not have been better for this story, as it illustrates REACH’s obsessive desire to climb to new business heights by expanding the care it provides to communities.
REACH AND CALSTAR ANNOUNCE AIR MEDICAL MERGER
REACH Air Medical Services and California Shock Trauma Air Rescue (CALSTAR), two of the preeminent air medical ambulance providers in Northern and Central California for three decades, are entering into an agreement that will place CALSTAR within the same corporate holding company as REACH.
In a joint announcement, Sean Russell, REACH president, and Lynn Malmstrom, CALSTAR CEO, said the air medical operation of CALSTAR will become a limited liability company (LLC) as part of the terms of the agreement, and will operate under the current CALSTAR brand as CALSTAR Air Medical Services LLC. The parties intend to better serve the community through their united efforts.
REACH Medical Holdings LLC, a holding corporation (the “Company”) which is part of Air Medical Group Holdings REACH in 2011, also is a part of the holding company.
CALSTAR Air Medical Services LLC will continue to operate with the goal being to focus on integration, support, and maintaining the services that have made both organizations successful. No other decisions have been made related to services.
Financial terms are not being disclosed at this time.
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July/Aug 2016
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