AIRM Air Methods Corp.

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

 

FORM 11-K

 

Annual Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934
for the Fiscal Year Ended December 31, 2014

 

AIR METHODS CORPORATION 401(K) PLAN

 

Air Methods Corporation
7301 South Peoria, Englewood, Colorado 80112

 

 

REQUIRED INFORMATION

 

The financial statements and schedule of the Air Methods Corporation 401(k) Plan (the “Plan”) as of and for the years ended December 31, 2014 and 2013, prepared in accordance with the financial reporting requirements of ERISA, along with the reports thereon of independent registered public accounting firm, are provided beginning on page 1 attached hereto.

 

EXHIBIT

 

23.1 Consent of EKS&H LLLP

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan administrator has duly caused this annual report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

Air Methods Corporation 401(k) Plan

 

Dated:  June 29, 2015	By:	/s/ Trent Carman
		Chief Financial Officer
		Air Methods Corporation
		Plan Administrator

 

 

AIR METHODS CORPORATION 401(K) PLAN

 

Financial Statements
and Supplemental Information

 

December 31, 2014 and 2013

 

(With Report of Independent Registered Public Accounting Firm There on)

 

 

AIR METHODS CORPORATION 401(K) PLAN

 

Table of Contents

			Page
Report of Independent Registered Public Accounting Firm			1
Financial Statements
	Statements of Net Assets Available for Benefits
	December 31, 2014 and 2013		3
	Statements of Changes in Net Assets Available for Benefits
	For the Years Ended December 31, 2014 and 2013		4
	Notes to Financial Statements		5
Supplemental Information
	Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
	December 31, 2014		14
	Schedule H, part IV, Question 4a – Schedule of Delinquent Participant
	Contributions for the Year ended December 31, 2013		15

 

 

REPORT OF INDEPENDENT REGISTERED

PUBLIC ACCOUNTING FIRM

 

Plan Administrator and Benefits Committee

Air Methods Corporation 401(k) Plan

Englewood, Colorado

 

We have audited the accompanying statements of net assets available for benefits of Air Methods Corporation 401(k) Plan (the “Plan”) as of December 31, 2014 and 2013, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have nor were we engaged to perform an audit of its internal control over financial reporting. Our audits include consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

 

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of Air Methods Corporation 401(k) Plan as of December 31, 2014 and 2013, and the changes in net assets available for benefits for the years then ended in conformity with accounting principles generally accepted in the United States of America.

 

 

Plan Administrator, Committee, and Participants

Air Methods Corporation 401(k) Plan

Page Two

 

The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2014, and the schedule of delinquent participant contributions for the year ended December 31, 2013, have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the financial statements, but is supplemental information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information in the accompanying schedules, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedules is fairly stated, in all material respects, in relation to the financial statements as a whole.

 

EKS&H LLLP

 

June 29, 2015

Denver, Colorado

 

 

AIR METHODS CORPORATION 401(K) PLAN

 

Statements of Net Assets Available for Benefits 

December 31, 2014 and 2013

 

		2014				2013
Investments, at fair value:
Mutual funds and other		$	217,572,998				199,678,583
Guaranteed interest account			13,941,166				14,167,601
Money market funds			6,552,976				7,277,809
Company stock			24,472,150				34,007,158
Total investments, at fair value			262,539,290				255,131,151
Participant notes receivable			8,037,659				6,784,967
Other receivables			8,501				--
Net assets available for benefits		$	270,585,450				261,916,118

 

See notes to financial statements. 

 

AIR METHODS CORPORATION 401(K) PLAN

 

Statements of Changes in Net Assets Available for Benefits 

Years Ended December 31, 2014 and 2013

 

		Year Ended December 31,
		2014				2013
Contributions
Employer		$	9,055,343				10,519,368
Employee			21,041,418				19,996,177
Rollover			1,676,508				1,455,522
Total contributions			31,773,269				31,971,067
Investment income
Net realized and unrealized appreciation (depreciation) of investments			(8,734,078	)			40,733,945
Dividends and investment interest			14,002,907				7,162,787
Net investment income			5,268,829				47,896,732
Interest on participant loans			373,658				323,937
Distribution to participants including administrative expenses and other			(28,746,424	)			(24,874,620	)
Net increase in net assets available for benefits			8,669,332				55,317,116
Net assets available for benefits
Beginning of year			261,916,118				206,599,002
End of year		$	270,585,450				261,916,118

 

See notes to financial statements. 

 

AIR METHODS CORPORATION 401(K) PLAN

 

Notes to Financial Statements

 

Note 1 - Summary of Significant Accounting Policies

 

Basis of Financial Statement Presentation

 

The Air Methods Corporation 401(k) Plan (the “Plan”) is a defined contribution plan sponsored by Air Methods Corporation (the “Employer”).

 

The accompanying financial statements have been prepared on the accrual basis of accounting and present the net assets available for benefits and the changes in those net assets.

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the plan administrator to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases to Plan assets during the reporting period. Actual results could differ from those estimates.

 

Investments

 

The Plan’s investments are managed by Fidelity Management Trust Company (“Fidelity”), the trustee of the Plan. The Plan’s investments are stated at their fair values. Air Methods Corporation common stock, which is traded on a national securities exchange, is valued based upon the last reported sales price on the last day of the Plan year. Mutual Funds are valued at quoted market prices. Money Market Funds are valued at cost plus accrued interest, which approximates fair value. Common/collective trusts are valued based upon the market value of the underlying investments. Changes in market values after the Plan year-end are not reflected in the accompanying financial statements.

 

Investment transactions are recorded on the date of purchase or sale (trade date). Dividend income is recorded on the ex-dividend date. Interest income is recorded on the accrual basis. The net realized and unrealized investments gain or loss (net appreciation or depreciation in fair value of investments) is reflected in the accompanying statements of changes in net assets available for benefits, and is determined as the difference between fair value at the beginning of the year (or date purchased if during the year) and selling price (if sold during the year) or year-end value.

 

Investment contracts held by a defined contribution plan are required to be reported at fair value. However, contract value is a relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan.

 

 

AIR METHODS CORPORATION 401(K) PLAN

 

Notes to Financial Statements

 

Note 1 - Summary of Significant Accounting Policies (continued)

 

Investments (continued)

 

The Plan’s interest in the guaranteed interest account (“Stable Value Fund”) is based on the fair value of the Stable Value Fund’s underlying investments using information reported by the investment advisor in the audited financial statements of the Stable Value Fund at year end. As required, the statement of net assets available for benefits presents the fair value of the investment. No adjustment to the investments in fully benefit-responsive investment contracts from fair value to contract value was required for the years ended December 31, 2014 and 2013, as contract value approximated the estimated fair value as of December 31, 2014 and 2013.

 

As of December 31, 2014 and 2013, $13,941,166 and $14,167,601 respectively, was invested in the Stable Value Fund. The Stable Value Fund is a common/collective trust that is held in the general account of Fidelity. The Stable Value Fund invests in fully benefit responsive guaranteed investment contracts. The crediting interest rates are fixed for the life of the underlying investments or change quarterly. The average yields for the years ended December 31, 2014 and 2013, were approximately 1.41% and 1.17% respectively. The objective of the Stable Value Fund is to provide preservation of capital, relatively stable returns consistent with its comparatively low risk profile, and liquidity for benefit responsive plan or participant payments.

 

Loans to Participants

 

Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to $50,000, reduced by the highest outstanding loan balance in the prior twelve months, or 50% of their account balance, whichever is less. The loans are secured by the balance in the participant’s account. Loans to Plan participants are recorded at the amounts borrowed plus accrued interest less principal balances repaid. Participant loans are valued at their outstanding balance, which approximates fair value. New loans bear interest at the prime rate plus 2.00% and have maximum terms of five years, except for loans for primary residences, which may have a term of up to ten years. The interest rates on loans outstanding were between 4.25% and 9.25% at December 31, 2014, with maturity dates ranging from January 2015 to March 2035.

 

Reclassifications

 

Certain reclassifications have been made to the financial statements for the year ended December 31, 2013, to conform to the 2014 presentation.

 

 

AIR METHODS CORPORATION 401(K) PLAN

 

Notes to Financial Statements

 

Note 2 - Plan Description

 

The following summary of the Plan provides general information only. Participants should refer to the Plan agreement for a more complete description of the Plan’s provisions.

 

General

 

The Plan was established effective January 1, 1989 by the Employer for the benefit of its employees and to qualify under Section 401(k) of the Internal Revenue Code (“IRC”). The plan was amended on various dates in 2014 and 2013 through the adoption of the Fidelity Volume Submitter Plan Document No. 14. The Employer contracts with the trustee for the investing, safekeeping, and accounting for the Plan’s assets and valuation of the individual participant’s accounts.

 

Employees who are over the age of 18 are eligible to participate in the Plan on the first day of the month following 30 days of service. Participants may enter the Plan immediately upon satisfaction of eligibility requirements. Although it has not expressed any intention to do so, the Employer has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of the Employee Retirement Income Security Act (ERISA). In the event of Plan termination, the participants would become 100% vested in their accounts. Each terminated participant is assessed an annual administrative fee which varies based upon the number of participants and rates negotiated by the Employer. All other Plan expenses with the exception of loan and distribution fees are paid by the Employer.

 

Contributions

 

The Employer may make discretionary matching contributions on behalf of eligible participants. During the year ended December 31, 2014, the Employer contributed discretionary matching contributions equal to 70% of the first 8% of compensation. Discretionary matching contributions are funded on a payroll basis. Participants may annually contribute up to 60% of their annual compensation, subject to annual IRC limitations ($17,500 in 2014 and 2013). Participants who are age 50 years or older during the Plan year are eligible to make a catch-up contribution based on Internal Revenue Service (IRS) limitations. During 2014, the Employer ceased matching on catch-up contributions. The contributions are invested at the direction of the participant in a variety of investment options. The Plan also permits pre-tax rollover contributions from other qualified retirement plans. The Plan previously accepted after-tax employee contributions but no longer permits such contributions; however, those accounts are being maintained by the Plan.

 

Beginning in July 2013 through April 2014, the Employer erroneously calculated and contributed matching contributions on employee contributions over 8% of compensation. The error was discovered in March 2014. The Employer determined the amount over contributed to be $910,742 in 2013 and $686,747 in 2014. Those amounts and earnings thereon were removed from participant accounts and utilized to offset Employer matching contributions in 2014.

 

 

AIR METHODS CORPORATION 401(K) PLAN

 

Notes to Financial Statements

 

Note 2 - Plan Description (continued)

 

The Employer determined in 2014 that participant contributions totaling $2,273,833 and employer matching contributions totaling $1,322,310 were transferred late to the Plan for three pay dates in July and August 2013. These contributions were allocated to participant accounts in July and August 2013, and correction for lost earnings thereon were allocated to participant accounts in September 2014.

 

Participant Accounts

 

Each participant’s account is credited with the participant’s contributions and allocations of a) the Employer’s discretionary contributions and b) Plan earnings and losses, and is charged with an allocation of administrative expenses. Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.

 

Benefit Payments

 

Withdrawals from the Plan may be made by a participant or beneficiary upon death, disability, retirement (age 59½), financial hardship, or termination of employment. Distributions are made in a lump-sum cash payment. Vested account balances up to but not exceeding $5,000 for terminated participants will be automatically distributed.

 

Benefits are recorded when paid. For financial statement reporting purposes, benefits payable are not accrued but are considered as part of net assets available for participant benefits. There were no benefits payable to participants who had withdrawn from participation in the Plan and requested a distribution as of December 31, 2014 or 2013.

 

Vesting

 

Participant contributions and employer discretionary profit sharing contributions and the earnings thereon are fully vested at all times. With the exception of matching contributions from two previous employers, which are subject to historical vesting schedules, vesting of Employer matching contributions and the earnings thereon is based on years of continuous service, as follows:

 

	Years of Service				Non-Forfeitable Vested Percentage
	1				33	%
	2				67	%
	3				100	%

 

 

AIR METHODS CORPORATION 401(K) PLAN

 

Notes to Financial Statements

 

Note 2 - Plan Description (continued)

 

At December 31, 2014 and 2013, forfeited non-vested accounts totaled approximately $380,000 and $309,000, respectively. These accounts will be used to reduce future Employer contributions. During 2014 and 2013, forfeitures of $1,978,000 and $248,000, respectively, were utilized to reduce employer contributions.

 

Note 3 - Fair Value Measurements

 

Fair value accounting guidance defines fair value as the price that would be received from selling an asset in an orderly transaction between market participants at the measurement date and establishes a framework for measuring fair value. The framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and the lowest priority to unobservable inputs. This guidance establishes three levels of inputs that may be used to measure fair value:

 

	Level 1:	Quoted prices for identical assets in active markets;
	Level 2:	Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets, quoted prices for identical or similar assets in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets; or
	Level 3:	Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets.

 

A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

 

The following table sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2014:

 

			Level 1				Level 2				Level 3				Total
Company stock		$	24,472,150				--				--				24,472,150
Mutual funds			217,572,998				--				--				217,572,998
Money market funds			6,552,976				--				--				6,552,976
Guaranteed interest account			--				13,941,166				--				13,941,166
Total assets measured at fair value		$	248,598,124				13,941,166				--				262,539,290

 

 

AIR METHODS CORPORATION 401(K) PLAN

 

Notes to Financial Statements

 

Note 3 - Fair Value Measurements (continued)

 

The following table sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2013:

 

			Level 1				Level 2				Level 3				Total
Company stock		$	34,007,158				--				--				34,007,158
Mutual funds			199,678,583				--				--				199,678,583
Money market funds			7,277,809				--				--				7,277,809
Guaranteed interest account			--				14,167,601				--				14,167,601
Total assets measured at fair value		$	240,963,550				14,167,601				--				255,131,151

 

The valuation methodologies described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

 

There were no changes to the valuation techniques used during the period.

 

Note 4 – Investments

 

The following presents investments that represent 5% or more of the Plan’s net assets available for benefits at December 31, 2014:

 

			Fair Value
Air Methods Corporation Common Stock		$	24,472,150
Fidelity Contra Fund K			24,843,571
Fidelity Freedom 2030 K Fund			15,441,987
Spartan 500 Index Fund			18,739,661
Spartan Extended Market Index Fund			29,169,893
Morley Stable Value Fund			13,941,166

 

 

AIR METHODS CORPORATION 401(K) PLAN

 

Notes to Financial Statements

 

Note 4 – Investments (continued)

 

The following presents investments that represent 5% or more of the Plan’s net assets available for benefits at December 31, 2013:

 

			Fair Value
Air Methods Corporation Common Stock		$	34,007,158
Fidelity Contra Fund K			23,299,329
Fidelity Freedom 2030 K Fund			14,538,914
Morley Stable Value Fund			14,167,601
Fidelity Freedom 2020 K Fund			13,752,112
Fidelity International Discovery Fund K			13,309,243

 

Net appreciation (depreciation) in fair value for the years ended December 31, 2014 and 2013 including realized and unrealized gains and losses, was as follows:

 

		2014				2013
Mutual Funds		$	(724,500	)			28,299,790
Air Methods Corporation Common Stock			(8,009,578	)			12,434,155
		$	(8,734,078	)			40,733,945

 

Note 5 - Federal Income Taxes

 

The Plan operates under an opinion letter dated March 31, 2008, from the IRS stating that the Plan constitutes a qualified Plan under section 401(k) of the IRC and is, therefore, exempt from federal income taxes under provisions of applicable sections of the IRC. The Plan has been amended since receiving the opinion letter; however, the Plan Administrator believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC. Therefore, no provision for income taxes has been included in the Plan’s financial statements.

 

FASB ASC 740-10-25, Accounting for Uncertainty in Income Taxes, requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan administrator believes it is no longer subject to income tax examinations for years prior to 2011.

 

 

AIR METHODS CORPORATION 401(K) PLAN

 

Notes to Financial Statements

 

Note 6 - Risks and Uncertainties

 

Investments, in general, are exposed to various risks, such as significant world events and interest rate, credit, and overall market volatility risk. Due to the level of risk associated with certain investments, it is reasonably possible that changes in the value of investments will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for benefits.

 

Additionally, some investments held by the Plan are invested in the securities of foreign companies, which involve special risks and considerations not typically associated with investing in U.S. companies. These risks include devaluation of currencies, less reliable information about issuers, different securities transaction clearance and settlement practices, and possible adverse political and economic developments. Moreover, securities of many foreign companies and their markets may be less liquid and their prices more volatile than those of securities of comparable U.S. companies.

 

Note 7- Related Party Transactions

 

Certain Plan investments are shares of money market funds and mutual funds managed by Fidelity. Fidelity is the trustee as defined by the Plan, and therefore, these transactions qualify as party-in-interest transactions under ERISA. Personnel and facilities of the Employer have been used to perform administrative functions for the Plan at no charge to the Plan. In addition, the Plan holds common shares of Air Methods Corporation, the Plan Sponsor, which also qualifies as a party-in-interest transaction. Participant loans also qualify as party-in-interest transactions. All of these transactions are exempt from the prohibited transaction rules.

 

 

SUPPLEMENTAL INFORMATION

 

 

AIR METHODS CORPORATION 401(K) PLAN

 

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

December 31, 2014

 

Employer Identification Number: 84-0915893                                 Plan Number: 001

 

(a)				(b) Identity of Issuer, Borrower, Lessor, or Similar Party		(c) Description of Investment		(e) Current Value
				American Beacon Small Cap Value Fund		Mutual fund		$	2,332,829
				American Century Inflation Adjusted Bond Fund		Mutual fund			1,517,189
				American Funds Euro Pacific Growth Fund		Mutual fund			12,919,532
				Cohen & Steers Realty		Mutual fund			3,339,149
				EII Global Property Fund		Mutual fund			226,522
	*			Fidelity ContraFund K		Mutual fund			24,843,571
	*			Fidelity Freedom 2005 K Fund		Mutual fund			73,264
	*			Fidelity Freedom 2010 K Fund		Mutual fund			2,137,924
	*			Fidelity Freedom 2015 K Fund		Mutual fund			6,589,010
	*			Fidelity Freedom 2020 K Fund		Mutual fund			13,070,753
	*			Fidelity Freedom 2025 K Fund		Mutual fund			10,444,498
	*			Fidelity Freedom 2030 K Fund		Mutual fund			15,441,987
	*			Fidelity Freedom 2035 K Fund		Mutual fund			9,324,706
	*			Fidelity Freedom 2040 K Fund		Mutual fund			9,178,102
	*			Fidelity Freedom 2045 K Fund		Mutual fund			4,508,051
	*			Fidelity Freedom 2050 K Fund		Mutual fund			2,943,436
	*			Fidelity Freedom 2055 K Fund		Mutual fund			320,569
	*			Fidelity Freedom Income K Fund		Mutual fund			860,056
	*			Fidelity Total Bond Fund		Mutual fund			11,752,101
				Hotchkis & Wiley High Yield Fund		Mutual fund			636,379
				Invesco Diversified Dividend Fund		Mutual fund			8,348,906
				Oakmark Equity & Income Fund		Mutual fund			10,348,811
				Spartan 500 Index Fund		Mutual fund			18,739,661
				Spartan Extended Market Index Fund		Mutual fund			29,169,893
				Spartan International Index Advantage		Mutual fund			2,719,480
				Spartan US Bond Index Fund Institutional		Mutual fund			4,359,240
				Vanguard Explorer Fund		Mutual fund			9,485,280
				Brokerage Link Account		Mutual fund			1,942,099
				Total mutual funds and other					217,572,998
	*			Fidelity Retirement Government Money Market Fund		Cash and cash equivalent			6,552,976
				Morley Stable Value Fund		Guaranteed interest account			13,941,166
	*			Air Methods Corporation Common Stock		Company stock			24,472,150
	*			Participant loans (interest rates ranging from 4.25% to 9.25%), maturity dates January 2015 to March 2035 secured by participant account balances					8,037,659
				Other receivables					8,501
								$	270,585,450

 

* Represents a party-in-interest

 

See accompanying Report of Independent Registered Public Accounting Firm. 

 

 

AIR METHODS CORPORATION 401(K) PLAN

 

Form 5500, Schedule H, Part IV, Question 4a

Schedule of Delinquent Participant Contributions

For the year ended December 31, 2013

				Total that Constitute Non-Exempt Prohibited Transactions
	Participant Contributions Transferred Late to Plan			Contributions Not Corrected			Contributions Corrected Outside VFCP				Contributions Pending Correction in VFCP				Total Fully Corrected Under VFCP and PTE 2002-51
$	--			--			-				--			$	3,596,143

 

See accompanying Report of Independent Registered Public Accounting Firm. 

 

 

Exhibit 23.1

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (Nos. 333-108569 and 333-60825) of Air Methods Corporation of our report dated June 29, 2015 with respect to the statements of net assets available for benefits of the Air Methods Corporation 401(k) Plan as of December 31, 2014 and 2013, the related statements of changes in net assets available for benefits for the years then ended, and the related supplemental schedules, which report appears in the December 31, 2014 annual report on Form 11-K of the Air Methods Corporation 401(k) Plan.

 

EKS&H LLLP

 

June 29, 2015

Denver, Colorado