Telos Capital Advisors, an investment bank serving lower middle market clients, today announced it acted as an exclusive financial advisor to Rico Aviation, a fixed and rotor-wing air ambulance company in West Texas with over 20 years of superior service, in the acquisition of its rotor wing operations by PHI Air Medical, a service of PHI Health.
Rico Aviation is a family-owned fixed and rotor-wing air ambulance company operated in West Texas. Rico provides 24 hours a day emergency transportation. Over the past two decades, Rico Aviation has transported thousands of patients across the United States. While the aircraft, technology, and a few people have changed over the years – the top quality care has consistently remained its number one priority. Rico’s quality dispatch capabilities are enabled through its one-step dispatch tablet and downloadable app for iPhone and Android called Rico Rapid Response™.
PHI Air Medical is the leading air ambulance provider across the country, providing air medical services and outreach education to local communities and leading healthcare systems. They transport more than 30,000 patients each year, operating out of more than 65 bases across the United States.