TransMedics Completes Acquisition of Summit Aviation

17 August 2023

TransMedics Group, Inc. (Nasdaq: TMDX), a pioneering medical technology firm dedicated to revolutionizing organ transplant therapy for individuals afflicted by end-stage lung, heart, and liver failure, has officially concluded the acquisition process of Summit Aviation, a distinguished charter flight operator based in the United States. This strategic acquisition marks a significant milestone in TransMedics' mission to enhance organ transplantation procedures.

With the successful integration of Summit Aviation, TransMedics is proud to introduce TransMedics Aviation, an innovative entity poised to become the nation's inaugural comprehensive provider of air logistics exclusively catering to organ transplantation within the United States.

Dr. Waleed Hassanein, President and Chief Executive Officer, expressed his enthusiasm about the attainment of Summit Aviation, describing it as a pivotal component of TransMedics' overarching strategy. This strategic move aligns with TransMedics' commitment to create and manage a far-reaching transplant logistics network, meticulously designed to extend the coverage and impact of the National Organ Care System Program (NOP).

Dr. Hassanein extended a warm welcome to the Summit team, integrating them into the broader TransMedics family. Furthermore, he acknowledged the appointment of Ben Walton as the new Vice President of Aviation Services, a role that will undoubtedly contribute to the realization of TransMedics' ambitious vision.

 

Source: prnewswire.com