Air Methods bought out for $2.5 billion
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.