Air Methods (AIRM) Expands Operations In Oklahoma
Air Methods Corporation (Nasdaq: AIRM) announced an agreement with Saint Francis Health System and St. John Health System in Tulsa, Oklahoma, to assume full operation of the Tulsa Life Flight air medical program. This represents the first expansion of Air Methods' community-based model in the state of Oklahoma.
Effective June 1, 2009, Tulsa Life Flight expanded its services in Eastern Oklahoma with eventual placement of three helicopters within a 50-mile radius of Saint Francis Hospital and St. John Medical Center, extending air ambulance service to more communities in the area. Air Methods will operate a Eurocopter AS350 single-engine aircraft based in Pryor, Oklahoma, and a BK-117 twin-engine helicopter based in Keefton, Oklahoma. A third operating base location is being finalized.
Under the new agreement, Air Methods will continue to supply the helicopters, pilots and maintenance of the aircraft, and now also employ the medical personnel. Air Methods and its subsidiary have worked in partnership with Saint Francis Health System and St. John Health System to operate Tulsa Life Flight as a hospital-based program since 1979. [SM]
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