September 7, 1994
CareLine Inc. said Tuesday it has signed letters of intent to buy two ambulance service providers in the Chicago area. CareLine, based in Irvine, is now the nation's second-largest ambulance service company. Its addition of TEK Ambulance and Rescue Eight Paramedic Services will mark its entry into the Illinois market and will expand its operations to 10 states. CareLine did not disclose the terms of the deal.
May 19, 1994
Continuing its push to be the nation's largest ambulance company, CareLine Inc. said Wednesday it has agreed to buy Pruner Ambulance Co., a Ventura County ambulance operator. Terms of the pending deal were not disclosed. The transaction, to be completed by next month, would be the latest in a string of acquisitions by CareLine, now the nation's second-largest ambulance company. The Irvine-based company's recent purchases include LifeFleet Inc.
April 6, 1994 |
CareLine Inc. is speeding ahead with its strategy to become the nation's largest ambulance operator. The Irvine-based company said Tuesday that it has signed an agreement to purchase Life Line EMS, an ambulance service in Wichita Falls, Texas, for an undisclosed sum. The deal follows by a week an announcement that CareLine is planning to raise $60 million by selling corporate IOUs so that it can have a war chest for acquisitions. The proposed takeover still needs federal regulatory approvals.
July 6, 1994
CareLine Inc. said Tuesday that it has completed its previously announced acquisitions of three Philadelphia ambulance services. Terms of the purchases were not disclosed. The three companies--Metropolitan Ambulance Inc., Procor Ambulance and LifeLine Ambulance--provide non-emergency medical transportation in the greater Philadelphia market. All emergency medical transportation there is handled by the fire department.