TransMedics (Nasdaq:TMDX) announced that it completed its previously announced acquisition of Summit Aviation.
Andover, Massachusetts-based TransMedics initially announced its plans to acquire the U.S. charter flight operator on Aug. 1. It did not disclose financial terms at the time. With the closing of the deal, Summit founder Ben Walton joins the company as VP of Aviation Services.
At the time of the initial announcement, TransMedics President and CEO Dr. Waleed Hassanein called Summit “one of the leading teams in the air charter industry.” Hassanein cited a “stellar reputation for exceptional service,” among other things that align with TransMedics’ aims.
In announcing the closing of the deal, the company says this enables the establishment of TransMedics Aviation. The company said it’s the first integrated national provider of air logistics dedicated exclusively to organ transplantation in the U.S.
“W…