Chorus Aviation agrees to acquire SkyCare Air Ambulance for about CAD 40 million

Bitget2026/10/19 11:24

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Chorus Aviation agreed to acquire SkyCare Air Ambulance for approximately CAD 40 million, including contingent consideration and subject to customary adjustments.
Payment includes CAD 32 million in cash, with the remainder payable by March 31, 2029, subject to performance targets.
Closing is expected in the fourth quarter of 2026, subject to customary closing conditions.
SkyCare, Northern Ontario’s largest private fixed-wing air ambulance operator, generated approximately CAD 48 million in 2025 revenue and operates 22 aircraft.
The acquisition is expected to be immediately accretive to earnings and free cash flow from closing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chorus Aviation Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202610190718CANADANWCANADAPR_C6328) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Chorus Aviation agrees to acquire SkyCare Air Ambulance for about CAD 40 million

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