PatientCare EMS Solutions (“PatientCare”), a portfolio company of A&M Capital Partners (“AMCP”), a middle-market private equity fund that is part of the Alvarez & Marsal Capital (“AMC”) platform, has acquired MedFleet Ambulance Service (“MedFleet”), a provider of advanced life support (“ALS”) and basic life support (“BLS”) ambulance, as well as stretcher services, primarily related to interfacility medical transports for patients in the Florida Counties of Hernando, Pasco, Pinellas and Polk.
MedFleet represents an expansion of PatientCare’s footprint in the Southeastern United States, complementing PatientCare’s existing Florida operations and offering a stronger market position in the interfacility ambulance services. PatientCare will support MedFleet with its best-in-class technology and resources to expand services and enhance back office, human resources and other critical functions.
PatientCare is a leading provider of ground-based 911 emergency ambulance services and other critical healthcare logistics solutions. Headquartered in Tyler, Texas, the company operates growing partnerships with representative customers in Florida, Texas, Indiana, California, South Dakota, Mississippi and New York. PatientCare is responsible for transporting more than 350,000 patients annually and is committed to providing compassionate quality care and service built around the needs of the patients and communities in which it serves.
Since its inception in 1973, MedFleet has been committed to providing BLS ambulance service and over the years has expanded services into ALS level transports in its geographic coverage area of Hernando, Pasco, Pinellas and Polk Counties in Florida. MedFleet has focused largely on interfacility transports, providing a needed service in the Western and Central regions of Florida. MedFleet is based in New Port Richey, Florida and has multiple contracts with the area’s hospitals, nursing homes and other healthcare facilities.
About A&M Capital Partners:
A&M Capital Partners, with total assets under management of $1.8 billion, is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America. AMCP Fund I held its final close in 2014 with $600 million in capital commitments. Between 2012 and 2020, AMCP Fund I invested in 32 companies to date across eight platforms. Following the success of AMCP I, in 2019 AMCP Fund II closed with $1.2 billion in commitments. AMCP has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.
About Alvarez & Marsal Capital:
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in total assets under management across four funds and three investment strategies. The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates and business owners.