American Medical Response has acquired McCormick Ambulance, controversially awarded the lucrative Torrance city contract to transport patients to local hospitals in the wake of the last municipal election.
“As you know, the healthcare industry has undergone remarkable change in recent years,” McCormick CEO Joe Chidley told employees in a statement posted on the company’s website. “Our goal has been to adapt our strategies and focus to ensure success for our employees, clients and patients. Joining AMR will allow us to do just that while also maintaining a strong commitment to our overall mission of providing safe, reliable and caring medical transportation to the citizens of Los Angeles, Torrance and other California regions.
“As AMR’s partner, we will have access to the national resources and infrastructure support services hospitals and health systems demand,” he added. “We will also keep our existing management structure and continue to operate as McCormick Ambulance Service.”
Fire Chief Martin Serna said city officials met earlier this week with their McCormick counterparts to discuss the merger.
“They assured us that AMR has every intent to not only continue the partnership, but explore opportunities to strengthen the teamwork,” he said in an emailed statement. “We are confident that there will be no decrease in the level of service.
“Since McCormick was awarded the contract to provide ambulance services for our community, they have not only met our expectations on response times, they have at times exceeded them,” Serna added.
McCormick has 33 employees working in Torrance, according to information the company supplied to the city’s business license office.
In addition, AMR announced Tuesday it, too, was being acquired in a $2.4 billion deal that will see it merge with a company called Air Medical Group Holdings. Both were owned by KKR & Co., a New York-based private equity firm.
The newly combined company, which will adopt a new name, will have about 33,600 employees transporting 5 million patients a year via air and ground ambulances in 46 states.
The pending acquisition is subject to regulatory approval and expected to close in the fourth quarter.
McCormick first won the city’s ambulance contract in November 2014. Renewed annually since then, the current contract expires Dec. 2.
McCormick was awarded the original contract after Mayor Pat Furey…