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TransMedics Signs Definitive Agreement to Acquire Summit Aviation to Expand TransMedics Aviation Capabilities for Organ Transplantation
Establishes the first national provider of air logistics dedicated to organ transplantation in the U.S. ANDOVER, Mass., Aug. 1, 2023 /PRNewswire/ --
About this update from Transmedics Group, Inc.
[{"type":"text","content":" Establishes the first national provider of air logistics dedicated to organ transplantation in the U.S.\nANDOVER, Mass., Aug. 1, 2023 /PRNewswire/ -- TransMedics Group, Inc. (\"TransMedics\") (Nasdaq: TMDX), a medical technology company that is transforming organ transplant therapy for patients with end-stage lung, heart, and liver failure, announced today that it has signed a definitive agreement to acquire Summit Aviation, a premier U.S. charter flight operator. The deal is expected to close in the third quarter of 2023, subject to the satisfaction of closing conditions. Upon closing, Ben Walton, Founder of Summit, will join TransMedics as VP of Aviation Services. \n\n \n \n \n \n \n \n\n \n\"We are thrilled to partner with one of the leading teams in the air charter industry as we establish TransMedics Aviation as the first national provider of air logistics dedicated to organ transplantation in the U.S.,\" said Waleed Hassanein, MD, President and Chief Executive Officer. \"Summit's stellar reputation for exceptional service, strong team culture, and highly rated air safety standards align squarely with TransMedics track record of providing world-class clinical services and transplant technology to our global users. This acquisition represents a cornerstone element of our strategy designed to fulfill TransMedics commitment to building our dedicated national transplant aviation capabilities to expand the National OCS Program (NOP) reach.\"\n\"Doing things differently is why Summit Aviation was started and is why partnering with TransMedics is such an exciting new step for us,\" said Ben Walton, Founder and President of Summit Aviation. \"We have the team, talent, experience, and culture to help revolutionize transplant aviation. The Organ Care System has helped transform organ transplantation, and the Summit family is thrilled to be the aviation solution for this life-saving mission.\"\nAbout TransMedics Group, Inc.TransMedics is the world's leader in portable extracorporeal warm perfusion and assessment of donor organs for transplantation. Headquartered in Andover, Massachusetts, the company was founded to address the unmet need for more and better organs for transplantation and has developed technologies to preserve organ quality, assess organ viability prior to transplant, and potentially increase the utilization of donor ...