Mentioned:
TransMedics is making a bet on a private jet operator in Germany. But, why?
What’s happening:
- TransMedics (NASDAQ: TMDX) has completed a strategic equity investment into German private aviation company PAD Aviation
Why it matters:
- TransMedics has publicly stated they investment in PAD Aviation will enable them to them to build out a dedicated organ transplantation air and ground logsitics network throughout Europe
Going deeper:
- PAD Aviation is one of the largest operators of private jets in Germany and has a dedicated fleet of more than eight modern Embraer planes
- TransMedics is currently providing organ transplantation transport in more than 17 different regions within the United States
The fine print:
- TransMedics has not yet publicly disclosed the exact amount or terms of their equity investment into PAD Aviation
