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Slide #90. Air Methods Corporation — Sundance Helicopters, Inc.
Air Methods Corporation (AIRM)
Sundance Helicopters, Inc.
Air Methods Corporation, the global leader in air medical transportation, announced today that it has successfully completed its acquisition of Sundance Helicopters, Inc. (Sundance), a helicopter tour operator based in Las Vegas, Nevada. Sundance is a leader in helicopter tour operations, focusing primarily on Grand Canyon helicopter tours, but also providing helicopter services to support fire fighting, natural resource agency operations, vertical lifts, aerial photography/motion pictures, news gathering, and aerial surveying. Sundance generated consolidated revenue of approximately $52.3 million for the fiscal year ended March 31, 2012.
Air Methods provides air medical transportation services and designs, manufactures, and installs medical aircraft interiors and other aerospace and medical transport products. Co.'s divisions, or business segments, consist of the following: Air Medical Services, which provides air medical transportation services to the general population as an independent service and to hospitals or other institutions under operating agreements; Tourism, which provides helicopter tours and charter flights, mainly focusing on Grand Canyon and Hawaiian Island tours; and United Rotorcraft, which designs, manufactures, and installs aircraft medical interiors and other aerospace and medical transport products.
Open the AIRM Page at The Online Investor »
Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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