Omniflight

Statements regarding future events are based on the Company's current expectations and are necessarily subject to associated risks related to, among other things, costs associated with the acquisition, the retention of employees of Omniflight and the ability of the Company to successfully integrate Omniflight's market opportunities, technology, personnel and operations, and other events that could adversely impact the integration of Omniflight, including industry or economic conditions outside of our control.

unknown title 2011

Aaron Todd, CEO of Air Methods stated, We are very pleased to have completed all the necessary steps to close our acquisition of Omniflight within two weeks of our original expectation.

unknown title 2011

We are pleased that we have secured financing for our pending acquisition of Omniflight at significantly lower costs than anticipated in our original forecasts.

unknown title 2011

The $200 million term loan, plus additional cash on hand, was used to finance the acquisition of Omniflight.

unknown title 2011

In addition, transaction costs of $0.3 million associated with the pending Omniflight acquisition were expensed during the quarter.

unknown title 2011

Subject to completion of standard closing conditions, the Company will also draw down upon a newly-originated $200 million term loan to finance the contemplated acquisition of Omniflight.

unknown title 2011

Pending the expiration of the HSR waiting period, the Company expects to close the Omniflight acquisition shortly thereafter.

unknown title 2011

These statements include, among others, statements regarding the anticipated acquisition of Omniflight, the anticipated timing of the closing of the Omniflight acquisition, a return to growth in total transports and future maintenance costs.

unknown title 2011

The Company has completed the necessary agreements to finance the $200 million purchase price for the pending acquisition of Omniflight.

unknown title 2011

The Company is continuing to work cooperatively with the U.S. Federal Trade Commission in its review of the Company's pending acquisition of Omniflight.

unknown title 2011