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Bob Herman Mar 14, 2017
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Air Methods bought out for $2.5 billion

FEMA / Wikimedia Commons

The medical helicopter company Air Methods has caved in to an activist investor, agreeing Tuesday to be acquired by the private-equity firm American Securities.

The numbers: American Securities is paying $43 per share for Air Methods, which has nearly 500 helicopters and airplanes mostly used to transport sick and injured people to hospitals. Including debt, the buyout is worth $2.5 billion.

Why this matters: This deal has been in the making for several months and shows how Voce Capital Management, an activist hedge fund, strong-armed Air Methods to get pretty much everything it wanted.