Coastal Medical Transportation Systems announces agreement to expand ambulance network
Press releases may be edited for formatting or style | September 30, 2022
Business Affairs
Emergency Medicine
HYANNIS, Mass.--(BUSINESS WIRE)--Coastal Medical Transportation Systems (CMTS), a privately owned and operated medical transportation company dedicated to providing the highest quality of care with compassion, dignity and respect for customers and their patients, and Transformative Healthcare, today announced they have reached an agreement to acquire Transformative Healthcare’s Massachusetts medical transportation arm, comprised of Fallon Ambulance Service and LifeLine Ambulance Service. These two organizations will become a part of CMTS’ expanding medical transportation portfolio. Employees from each organization will be integrated into the CMTS team. This acquisition will make CMTS one of the largest ambulance networks in the state by both geographic reach and number of patients served.
“The Coastal family is excited to welcome Fallon and LifeLine Ambulance Service's valued employees and medical transportation customers into our organization,” said Alex Theoharidis, Founder and Chief Executive Officer of Coastal Medical Transportation Systems. “This acquisition has afforded us an opportunity to not only expand our services portfolio, but also the scale of our capabilities in order to close gaps in care delivery across the region. With this strategic move, we believe we are in an even stronger position to support our mission. We are committed to providing great care, a superior work environment and innovative technology and equipment, which — when combined — provide a more efficient and effective operation and as a result, a higher-quality provider and patient experience.”
The investment comes on the heels of another recent CMTS expansion effort that effectively doubled the size of their service to the region in the past year. The team opened new operation centers in both Plymouth and Brockton, added more than 100 field providers and a new, state-of-the-art call center, and increased the overall size of their vehicle fleet by 100%.
The addition of the Transformative Healthcare medical transportation operation will expand the CMTS service area to collectively cover the Cape and the Islands, South Shore, Boston Metro, and Central Massachusetts regions. In addition to growing the service area, the acquisition increases the overall size of the team, bringing the total number of employees in the CMTS team to 1,000 with a fleet of 213 ambulances. The combination of services will also create additional benefits due to scale, including a 50% increase in backup resource availability on day one.
“The Coastal family is excited to welcome Fallon and LifeLine Ambulance Service's valued employees and medical transportation customers into our organization,” said Alex Theoharidis, Founder and Chief Executive Officer of Coastal Medical Transportation Systems. “This acquisition has afforded us an opportunity to not only expand our services portfolio, but also the scale of our capabilities in order to close gaps in care delivery across the region. With this strategic move, we believe we are in an even stronger position to support our mission. We are committed to providing great care, a superior work environment and innovative technology and equipment, which — when combined — provide a more efficient and effective operation and as a result, a higher-quality provider and patient experience.”
The investment comes on the heels of another recent CMTS expansion effort that effectively doubled the size of their service to the region in the past year. The team opened new operation centers in both Plymouth and Brockton, added more than 100 field providers and a new, state-of-the-art call center, and increased the overall size of their vehicle fleet by 100%.
The addition of the Transformative Healthcare medical transportation operation will expand the CMTS service area to collectively cover the Cape and the Islands, South Shore, Boston Metro, and Central Massachusetts regions. In addition to growing the service area, the acquisition increases the overall size of the team, bringing the total number of employees in the CMTS team to 1,000 with a fleet of 213 ambulances. The combination of services will also create additional benefits due to scale, including a 50% increase in backup resource availability on day one.
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