GMR Announces Sale of GrandView Aviation to Wheels Up
11.14.2024
The sale marks a strategic shift for GMR.
Global Medical Response (GMR) finalized the sale of GrandView Aviation’s assets to Wheels Up, a leading provider of on-demand private aviation services. The transaction, which has officially closed, marks a strategic move by GMR to sharpen its focus. “This strategic divestiture of GrandView’s charter-focused assets aligns with our ongoing commitment to strengthen and invest in our core EMS business,” said Nick Loporcaro, CEO of GMR.
The sale of GrandView Aviation’s assets follows the recent divestiture of Access2Care, GMR’s managed transportation business. These decisions were made over the course of many months and align with GMR’s long-term strategy to support and grow its EMS operations.
“These moves position us to pursue exciting growth opportunities that will expand our capabilities and service areas,” added Loporcaro. “For example, we recently announced a significant investment in new medical aircraft aimed at improving healthcare access in rural areas and modernizing air medical services nationwide.”
GMR’s fleet expansion includes the addition of 43 new helicopters over the next three years. The plan also features the acquisition of eight King Air 350i twin turboprop aircraft and two long-range Challenger 605 jets to enhance international and domestic medical care for critically ill and injured patients.
“Our commitment to investing in emergency medical solutions will ensure we remain at the forefront of providing accessible high-quality care” stated Loporcaro. “With this strategic realignment, we are reinforcing our dedication to our mission and enhancing our ability to deliver life-saving care at a moment’s notice.”
All GrandView employees will be retained for at least 90 days, and management teams from both GrandView and Wheels Up are working with employees affected by the sale.
The sale of GrandView Aviation’s assets follows the recent divestiture of Access2Care, GMR’s managed transportation business. These decisions were made over the course of many months and align with GMR’s long-term strategy to support and grow its EMS operations.
“These moves position us to pursue exciting growth opportunities that will expand our capabilities and service areas,” added Loporcaro. “For example, we recently announced a significant investment in new medical aircraft aimed at improving healthcare access in rural areas and modernizing air medical services nationwide.”
GMR’s fleet expansion includes the addition of 43 new helicopters over the next three years. The plan also features the acquisition of eight King Air 350i twin turboprop aircraft and two long-range Challenger 605 jets to enhance international and domestic medical care for critically ill and injured patients.
“Our commitment to investing in emergency medical solutions will ensure we remain at the forefront of providing accessible high-quality care” stated Loporcaro. “With this strategic realignment, we are reinforcing our dedication to our mission and enhancing our ability to deliver life-saving care at a moment’s notice.”
All GrandView employees will be retained for at least 90 days, and management teams from both GrandView and Wheels Up are working with employees affected by the sale.
