Air ambulance provider EagleMed of Wichita is merging with competitor LifeTeam of Newton.
The transaction will be complete in the first quarter, EagleMed said. EagleMed president Larry Bugg will be president of the combined company.
Shelia Rupp-Haag, EagleMed's director of public relations and marketing, said LifeTeam's personnel, helicopter, airplanes and ground equipment will be integrated into EagleMed operations.
"We expect there to be no impact on daily operations," she said.
Final terms are subject to ongoing negotiations. No price was released.
"Together, we can leverage our combined resources and attributes to more efficiently and effectively serve our communities and the patients we transport," Bugg said in a statement.
LifeTeam president Martin Sellberg said in the statement: "This partnership is the fulfillment of a long term vision to combine the best of the best for the patients entrusted to our care. The unparalleled opportunity for synergy and the combination of strengths of the two companies will tremendously enhance air transport service in our region."
Jim and Iva Ballard founded EagleMed in 1981. Dallas-based holding company Air Medical Group Holdings bought EagleMed in August 2009. Air Medical Group Holdings is the country's largest independent provider of emergency medical services.
EagleMed has about 300 employees and operates 20 helicopters and airplanes out of 13 bases in Kansas, Oklahoma and Missouri.
The doctor-owned LifeTeam, founded in 2001, has eight bases in Kansas and Nebraska.
Until the purchase is complete, the two will operate separately.