Envision Healthcare To Acquire Rural/Metro

(RTTNews) - Envision Healthcare Holdings, Inc. (EVHC) agreed to buy Rural/Metro Corporation through its medical transportation segment American Medical Response.

This pending acquisition enhances Envision's mobile integrated healthcare delivery capability, a key component of its care coordination model amongst its pre-hospital, acute care and post-acute care services.

Rural/Metro is expected to generate annualized 2015 revenue of approximately $600 million. Upon closing, the transaction is expected to be accretive to Envision's earnings. The pending acquisition is subject to regulatory approval and customary closing conditions, and is expected to close in the fourth quarter of 2015.