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TransMedics Group Announces Completion of Strategic Investment in PAD Aviation service GmbH

  • TransMedics Group, Inc. announced the closing of a strategic investment in PAD Aviation, a Germany-based private aviation operator.
  • The investment aims to establish a dedicated pan-European organ transplant air & ground logistics network across the European Union.
  • TransMedics intends to replicate its OCS NOP model in Europe to expand the adoption of its OCS perfusion technology.
  • PAD Aviation operates from a 24/7 hub in Paderborn, Germany, and holds a valid EASA Air Operator Certificate.
  • PAD Aviation's fleet includes nine Embraer Phenom 300 aircraft & employs over 40 type-rated pilots.
  • The partnership seeks to increase the utilization of donor organs & save more transplant patients in Europe.
  • TransMedics is a medical technology company focused on portable extracorporeal warm perfusion for heart, lung, & liver failure.
  • The press release includes standard forward-looking statement disclaimers regarding risks such as integration challenges & operational disruptions.