Air Methods Successfully Completes Financial Restructuring
DENVER, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Air Methods Corporation (“Air Methods” or the “Company”), the leading air medical service provider in the U.S., announced today that it has successfully emerged from Chapter 11 with significantly reduced debt and increased liquidity that positions the Company for long-term success.
- DENVER, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Air Methods Corporation (“Air Methods” or the “Company”), the leading air medical service provider in the U.S., announced today that it has successfully emerged from Chapter 11 with significantly reduced debt and increased liquidity that positions the Company for long-term success.
- Air Methods is moving forward as an industry leader in air medical services and as an integral link between the nation’s top healthcare facilities and people in rural and remote communities.
- We are well-positioned for long-term success and excited about the opportunities ahead.”
As a result of the restructuring process, Air Methods reduced its total debt by approximately $1.7 billion. - “We also appreciate the strong support from our financial stakeholders, who share our confidence in Air Methods’ future.”
Weil, Gotshal & Manges LLP served as legal advisor, Lazard served as financial advisor, and Alvarez & Marsal served as restructuring advisor to Air Methods.