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November 12, 2012
13:02 EDTAIRMAir Methods awarded hospital services contract
Air Methods announced it was selected as the air medical operator and began service for St. Mary's Hospital and Regional Medical Center's CareFlight program in Grand Junction, Colorado. This new contract has significant historical relevance since St. Mary's was Air Methods' first-ever air medical program and where the company transported its first patient in 1980. Under the new agreement effective November 1, Air Methods operates a Eurocopter AS350 helicopter based at the main hospital campus, and a Beechcraft King Air airplane based at Grand Junction Regional Airport. Air Methods employs the assigned pilots and mechanics and provides communications services for the program through its national Communications Center. In 1980, the St. Mary's air medical program went into service with a new Bell 206-L1 helicopter. Roy Morgan, Air Methods' founder, was the pilot who flew the first St. Mary's air medical team and Air Methods' first patient, the same day the program went into service.
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February 26, 2015
16:10 EDTAIRMAir Methods provides update on preliminary January flight volume
The company also provided an update on preliminary January flight volume and net revenue per patient transport. Total community-based transports during January 2015 were mostly unchanged at 4,534 compared with 4,542 during January 2014. Same-Base Transports for January decreased 335 transports, or 8%, while weather cancellations for these same bases increased by 365 transports. Preliminary net revenue per patient transport during January 2015 increased 15% to $12,740 compared with $11,074 during January 2014. The company also announced that community-based transports for February to date reflect a 13% increase, due in part to reduction in weather cancellations month to date.
16:09 EDTAIRMAir Methods reports Q4 EPS 59c, consensus 47c
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