Private equity firms are increasingly investing in emergency medical services (EMS) as rising emergency response needs and trauma cases drive demand for ground and air ambulance transport. KKR, Ares, Grant Avenue, and Tiger Infrastructure Partners are among the firms deploying capital into the sector, according to PE Hub.

Growing rates of chronic and acute diseases, particularly cardiovascular conditions, are fueling increases in emergency calls. The global ambulance market is projected to expand from $57.4 billion, reflecting sustained demographic and healthcare utilization trends.

The investments highlight PE appetite for essential healthcare infrastructure with recurring revenue streams. EMS providers offer scalable platforms amid fragmentation, allowing acquirers to consolidate regional operators and improve operational efficiency.

Deal activity underscores confidence in the sector's resilience, as emergency transport remains non-discretionary regardless of economic cycles.