CareLine Plans to Buy 2 Chicago-Area Firms
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IRVINE — 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. It did say that the two Chicago-area companies had total 1993 revenue of more than $13 million.
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