Medical Transportation Management, Inc., doing business as MTM, Inc., announced that it acquired Access2Care LLC nonemergency medical transportation (NEMT) business.
Founded in 1998, Access2Care is the industry’s third-largest NEMT broker, officials said. Access2Care growth has taken it up to management of more than 8.6 million trip requests for more than 5.5 million people in nearly 30 states. The company also has a network of 1,900 NEMT providers with 14,000 vehicles, as well as 1,400 employees.
MTM provides transit services to clients in Missouri. The company offers non-emergency medical transportation, home health coordination, preventative care and ambulance claims management services. According to the August 13, 2024, press release the company reported 2023 revenue of $1.2 billion, growing 56% from 2022 and surpassing $1 billion for the first time in the company’s history.
Access2Care’s NEMT business will increase MTM’s total annual revenue by approximately 25%, as well as significantly enhance its market presence, the press release said. The addition of Access2Care will take MTM’s footprint up to 44 states and the District of Columbia. Terms of the deal, expected to close this fall, weren’t disclosed.
According to data captured in the LevinPro HC database, this acquisition marks the fourth medical transportation services transaction of the year. Throughout all of 2023, there were six medical transportation services transactions throughout the entire year.
