|Industry||Air Services, Other|
|Steve Gorman, CEO |
Brent Smith, CFO
JaeLynn Williams, VP/Sales
Joe Resnik, VP of Safety
|Revenue||US$511 Million (FY 2009) |
|US$47.8 Million (FY 2009)|
|US$29.0 Million (FY 2009)|
|Total assets||US$424 Million (FY 2009)|
|Total equity||US$197 Million (FY 2009)|
Number of employees
Rocky Mountain Holdings
Mercy Air Service
San Antonio AirLife
|Footnotes / references|
2007 Annual Report
Air Methods Corporation is an American privately owned helicopter operator. The air medical division provides emergency medical services to 70,000 -100,000 patients every year, and serves 48 states and Haiti, and air medical continues to be its primary business focus. Its corporate headquarters are located in the Denver Technological Center, Greenwood Village, Colorado, in the Denver metropolitan area.
The company was founded by Roy Morgan and began air medical operations in 1980. From 1991 until 2017, the company had been a publicly traded company under the NASDAQ ticker “AIRM” until 2017, when it was acquired by a private equity firm.
In 2012, the company acquired its first helicopter tour operations called Sundance Helicopters in Las Vegas, Nevada, and a year later, Blue Hawaiian joined its tourism division. The company has more than 5,000 employees and operates a fleet of approximately 450 helicopters and fixed-wing aircraft.
In 1980, Roy Morgan founded Air Methods after a personal experience convinced him that properly equipped and staffed air medical service helicopters were a must.
Air Methods purchased CJ Systems Aviation Group, a leading provider of aeromedical transport, in October 2007.
In 2011, Air Methods acquired Omniflight Helicopters, Inc and operates it as a wholly owned subsidiary. Omniflight Helicopters consisted of over 100 helicopters.
In July 2011, Air Methods (Air Methods International, Ltd.) entered in a joint venture agreement with Basari Holding, AS and Anka Aerospace & Defense, LLC to form Helistar, AS. The joint venture company is headquartered in Ankara, Turkey.
In October 2012, Air Methods opened their state-of-the-art technologically advanced training center in Aurora, Colorado. Located near the corporate office, the 14,000-square-foot facility has a simulation areas, learning classrooms and office space. In addition, this was the year the company diversified into helicopter tourism.
In 2016, Air Methods acquired Tri-State Care Flight.
In 2017, Air Methods was purchased by American Securities LLC.
This section does not cite any sources. (February 2015) (Learn how and when to remove this template message)
Air Methods provides services through three basic programs; Community-Based Service model (CBS), Hospital-Based Service model (HBS) and Alternative-Delivery Model (ADM). Under all three programs, Air Methods transports persons requiring intensive medical care from either the scene of an accident or general care hospitals, to highly skilled trauma centers or tertiary care centers.
As of 2009, the CBS operated 105 bases at hospitals, fire stations or airports, operating more than 127 helicopters and fixed-wing aircraft, and Air Methods employees provide medical care to patients en route.
As of 2009, the HBS delivery model was serving 80 hospital customers in 33 states and operated a fleet of more than 170 hospital-based aircraft and medical care en route is provided by employees or contractors of customer hospitals.
Its corporate headquarters were previously on the property of Centennial Airport in Dove Valley CDP, Colorado, United States in the Denver metropolitan area; the headquarters used an Englewood, Colorado postal address. The headquarters moved to the current location in May 2017, one month after it was acquired by American Securities LLC.
Divisions and services
United Rotorcraft, Air Methods' aerospace division, specializes in the design and manufacture of aeromedical and aerospace technology. The tourism division comprises Sundance Helicopters, Inc. and Blue Hawaiian Helicopters, which provide helicopter tours and charter flights in the Las Vegas/Grand Canyon region and Hawaii, respectively. Air Methods’ fleet of owned, leased or maintained aircraft features over 450 helicopters and fixed-wing aircraft.
United Rotorcraft designs, manufactures, and installs aircraft medical interiors and other aerospace or medical transport products.
The Direct Patient Logistics (DPL) transfer center is a division of Air Methods that coordinates transfers between hospitals and referring centers. It is the center point of coordination between all parties involved in the transfer process.
AirCom is the dispatching/coordinating/and flight tracking division of Air Methods. It dispatches over 400 aircraft for Air Methods Corporation as well as dispatching and coordinating services for other agencies, including police departments, county departments, ambulance services, and other public service agencies.
Along with dispatching aircraft, Air Methods has teamed up with Community Health Systems and sister company Quorum Health Systems to allow for hospitals owned by those companies, to have a transport call center that they can use for ease of access in finding an aircraft. The program allows for the hospitals to call the communications center and pass off flight requests to a specialist so that doctors, nurses, and other hospital staff can focus more on patient care. The Transport Call Center took their first call from Big Bend Hospital in Alpine, TX on November 12th, 2011. From November 2011 to January 2015, the CHS/QHC Transport Call Center was located in Nashville, Tennessee. It was then relocated to the Air Methods Communications Center in Omaha, Nebraska.
As of 31 December 2013, Air Methods' fleet included 264 company owned aircraft, 136 leased and 55 aircraft owned by customers and operated under contract. Included in that total were 48 single engine helicopters and 1 Piper Saratoga operated by their Tourism division. Air Methods Fleet of Helicopters includes the:
- Eurocopter AS350 Ecureuil
- Eurocopter AS365 Dauphin
- Eurocopter EC130
- Eurocopter EC135
- Eurocopter EC145 (including MBB/Kawasaki BK 117, the previous version)
- Bell 206 JetRanger and Bell 407
- Bell 222 and Bell 430
- Bell 412
- Bell 429
- AgustaWestland AW109
- AgustaWestland AW119 Koala
- MD Helicopters MD 902
Fixed Wing Owned and or Operated thru Air Methods
- Beechcraft King Air 100
- Beechcraft Super King Air 200
- Pilatus PC-12
- Cessna 208 Caravan
- Learjet 35
Air Methods, as of 2006, has had a total of 19 accidents. Following a 2006 accident Craig Yale, the vice president of corporate development for Air Methods, stated in a news conference shortly after the accident that, "We fly over 100,000 hours a year, 85,000 missions a year, and in doing so have had very few fatal accidents over a 10-year period."
- In January 2005, an Air Methods helicopter crashed in Washington, D.C. with two dead and one injured, and another crashed in Mississippi killing one.
- On December 10, 2006 in the 2006 Mercy Air helicopter accident three were killed in a crash a Cajon Pass, California.
- On May 10, 2008, helicopter N135UW, known as Med Flight 1, crashed near La Crosse, Wisconsin, fatally injuring all three crew members. Initial reports indicated that the helicopter "may have flown into a hill and or struck some trees." Impact debris and rotor blade fragments were found near the top of the 1,160 feet elevation ridgeline about 4.5 miles south of La Crosse Airport. Main debris was located 600 feet below that point around 930 feet elevation. La Crosse Municipal Airport field elevation is 654 feet. On September 3 of 2010 the NTSB released its report, finding that the probable cause of the accident was, "The pilot’s failure to maintain clearance from trees along the top of a ridgeline due to inadequate preflight planning, insufficient altitude, and the lack of a helicopter terrain awareness and warning system."
- On June 29, 2008, a Bell 407 medical helicopter operated by Air Methods collided with another medical helicopter in Arizona, killing all seven who were aboard both aircraft. Another Air Methods helicopter crashed in May in Wisconsin soon after taking off; three people were killed in that accident: the pilot, flight doctor and flight nurse.
- On July 28, 2010, LifeNet 12, a Eurocopter AS350B3 crashed in Tucson, Arizona killing all 3 crewmembers aboard. LifeNet 12 based out of Douglas Arizona was en route back to Douglas from Marana, Arizona. Witnesses describe the helicopter losing power in flight, crashing into the street below. It appears from witnesses that the pilot was able to steer the aircraft away from landing into a house nearby.
- On August 26, 2011 four people (3 crew members and 1 patient) were killed when a LifeNet Eurocopter AS350 based at Rosecrans Airport and connected to Heartland Hospital in St. Joseph, Missouri crashed near Liberty, Missouri. Initial crash reports indicated it had run out of fuel. The helicopter had traveled 45 miles from St. Joseph to Harrison County Community Hospital in Bethany, Missouri to pick up a patient. It did not refuel before traveling another 70 miles en route to its intended destination at Liberty Hospital. It was reported to be within a mile of landing for fuel at Midwest National Air Center in Mosby, Missouri (near Liberty) when it crashed. In 2013 the NTSB received information indicating that texting may have been a contributing cause to the accident, making it the first time texting has been found to occur during a fatal air accident.
- On June 3, 2015, a Eurocopter AS350B3 medical helicopter operated by Air Methods crashed into a parking lot in Frisco, Colorado. The pilot was fatally injured, and the two flight nurses on board were seriously injured. The helicopter was destroyed by postcrash fire.
- On April 26, 2018, an Air Methods Corp Airbus Helicopters AS350B2 (N127LN), apparently operating on behalf of Ascension Wisconsin Spirit Medical Transport, was destroyed when it crashed near Hazelhurst, Wisconsin towards the end of a flight from Madison to Woodruff, Wisconsin. All three persons on board died in the crash".
- Air Methods (AIRM) annual SEC income statement filing via Wikinvest
- Air Methods (AIRM) annual SEC balance sheet filing via Wikinvest
- "Air Methods Completes Acquisition of FSS Airholdings, Inc., Parent Company of CJ Systems Aviation Group, Inc". Retrieved 2008-07-06.
- Air Methods. "Air Methods acquires Omniflight" (PDF).
- "Medevac specialist Air Methods acquires Tri-State". ch-aviation. Retrieved 2017-02-20.
- Air Methods Press Release. Air Methods https://www.airmethods.com/newsroom/press-releases/2017/04/21/american-securities-completes-acquisition-of-air-methods. Retrieved April 25, 2017. Missing or empty
- Ward, Corey (2011-10-14). "Air Methods' revenue boosted by hospital outsourcing". Denver Business Journal.
- "Service Models". airmethods.com. Retrieved 2015-02-19.
- Miler, Ben (2017-05-25). "After sale is complete, Air Methods is moving its headquarters". Denver Business Journal. Retrieved 2018-09-14.
- "Home". Air Methods. Retrieved 2018-09-14.
Corporate Headquarters 5500 S. Quebec St. Suite 300 Greenwood Village, CO 80111
- "Contact Us". Air Methods. Retrieved 2015-02-17.
Corporate Headquarters 7211 S. Peoria Englewood, CO 80112 Air Methods’ headquarters are located on the north side of Centennial Airport in Englewood
- "http://www2.census.gov/geo/maps/dc10map/GUBlock/st08_co/place/p0821330_dove_valley/DC10BLK_P0821330_001.pdf 2010 CENSUS - CENSUS BLOCK MAP: Dove Valley CDP, CO]" (Archive). U.S. Census Bureau. Retrieved on April 1, 2015.
- Air Methods. "A Partner of Choice".
- "Who We Are – Air Methods: The World's Largest Air Ambulance Operator". Archived from the original on 20 July 2007. Retrieved 2007-06-19.
- Air Methods. "DirectCall Transfer Center" (PDF).
- Air Methods. "AirCom Only center of its size and scope in the nation".
- "2013 Annual Report". Air Methods. Retrieved 2015-02-19.
- "Fleet". Air Methods. Retrieved 2015-02-19.
- Gang, Duane W.; Lisa O'Neill-Hill; Paul LaRocco (2006-12-12). "Helicopters grounded : The number of crashes has increased in recent years, a federal study finds". Press-Enterprise.
The pilot, nurse and paramedic of an air ambulance that crashed Sunday night in a foggy, hilly area near the summit of the Cajon Pass were an experienced crew, company officials and colleagues said Monday.
- "Air Methods stock down after crash". Denver Business Journal. 2008-06-30. Retrieved 2008-10-04.
- "Crash investigation continues; victims identified". St. Joseph News-Press. 2011-08-27. Archived from the original on 2011-10-07.
- "Fatal Air Methods accident in Missouri". Waypoint Magazine. 2011-08-30. Archived from the original on 2012-03-31.
- Carl Franzen. "Texting while flying may have played role in fatal helicopter crash". The Verge. Retrieved August 4, 2013.
- "Aircraft Accident Report: Loss of Control at Takeoff Air Methods Corporation Airbus Helicopters AS350 B3e, N390LG". Retrieved 2017-04-28.