{"id":975264,"date":"2026-06-24T12:40:55","date_gmt":"2026-06-24T16:40:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\/"},"modified":"2026-06-24T12:40:55","modified_gmt":"2026-06-24T16:40:55","slug":"strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\/","title":{"rendered":"Strata Acquires Heart and Lung Transplant National Recovery Program, Expanding National Organ Recovery Platform"},"content":{"rendered":"<div class=\"mw_release\">\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">Network of experienced transplant surgeons in key markets will immediately become available to all Strata customers<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Adds significant scale to Transplant Clinical, Strata\u2019s fastest growing business line, with a similar, rapid growth trajectory<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">$21.5 million acquisition completed at mid-single-digit multiple of Adjusted EBITDA, pre-synergy, consistent with Strata\u2019s capital deployment strategy\n<\/li>\n<\/ul>\n<p align=\"justify\">NEW YORK, June  24, 2026  (GLOBE NEWSWIRE) &#8212; Strata Critical Medical, Inc. (Nasdaq: SRTA, \u201cStrata\u201d or the \u201cCompany\u201d), today announced that it has completed the acquisition of Heart and Lung Transplant National Recovery Program (\u201cHLT-NRP\u201d), a provider of transplant surgical recovery services in the United States.<\/p>\n<p align=\"justify\">\u201cHLT-NRP strengthens our organ recovery platform by significantly increasing our network of experienced transplant surgeons available to complete recoveries across the country adding clinical depth and geographic reach in key markets such as Florida and California,\u201d said Will Heyburn, Co-CEO of Strata.<\/p>\n<p align=\"justify\">\u201cThis added scale will result in better service to the transplant community through improved surgeon availability closer to the donor hospital, enhancing responsiveness and continuity of care while reducing unnecessary travel and associated costs,\u201d said Melissa Tomkiel, Co-CEO of Strata.<\/p>\n<p align=\"justify\">\u201cI\u2019m thrilled to join the Strata team for the long-term as we enter the next phase of accelerating growth for our company,\u201c said Dr. Samuel Jacob. \u201cCombining with Strata allows us to efficiently expand access to our experienced transplant recovery surgeons while preserving the clinical standards and relationships that have defined HLT-NRP. The combined organization is well positioned to support the increasing complexity of contemporary transplantation and continue delivering value to transplant programs across the country.\u201d<\/p>\n<p align=\"justify\">\u201cWe are doubling-down on our fastest-growing Transplant Clinical business line, which also drives significant demand for our logistics services,\u201d said Mat Schneider, CFO of Strata\u2019s Clinical business line. \u201cThe attractive, mid-single-digit pre-synergy Adjusted EBITDA multiple is consistent with our capital allocation framework and, looking ahead, we expect our combined growth and operational synergies will quickly lower our effective purchase price and maximize returns.\u201d<\/p>\n<p align=\"justify\">The transaction value of $21.5 million consists of approximately 80% cash and 20% stock, which will be released from a multi-year lockup based on the Seller\u2019s continued participation in the business. For the full year 2026, HLT-NRP is expected to generate revenue and Adjusted EBITDA<sup>(<\/sup><sup>1)<\/sup> of approximately $10.0 million and $3.1 million, respectively.<\/p>\n<p align=\"justify\">(1) We have not reconciled the forward-looking Adjusted EBITDA guidance included above to the most directly comparable GAAP measure because this cannot be done without unreasonable effort due to the variability and low visibility with respect to certain costs. We expect the variability of these items to have a potentially unpredictable, and a potentially significant, impact on our future GAAP financial results.<\/p>\n<p>\n        <strong>About Strata Critical Medical, Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Strata is a time-critical logistics and medical services provider to the U.S. healthcare industry. We operate one of the nation\u2019s largest air transport and surgical services networks for transplant hospitals and organ procurement organizations, offering an integrated \u201cone call\u201d solution for donor organ recovery.<\/p>\n<p align=\"justify\">Strata\u2019s core services include air and ground logistics, surgical organ recovery, organ placement and normothermic regional perfusion for the transplant industry, as well as perfusion staffing and equipment solutions for cardiovascular surgery centers, offered under the Trinity Medical Solutions and Keystone Perfusion brands.<\/p>\n<p align=\"justify\">For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_YMJeEFDRWimPtpOZShRJBMQWmU0xGduwqJXzuXMho6SQJVdD9-vgpjTjGfa91XvDJH706wP7TgAojyYn77p-6wK53nHz-fKucKlEYgfHvt25eRgVdKRVa16o67Edqs7\" rel=\"nofollow\" target=\"_blank\">https:\/\/stratacritical.com\/<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and may be identified by the use of words such as &#8220;will&#8221;, \u201canticipate\u201d, \u201cbelieve\u201d, \u201ccould\u201d, \u201ccontinue\u201d, \u201cexpect&#8221;, \u201cestimate\u201d, \u201cmay\u201d, \u201cplan\u201d, \u201coutlook\u201d, \u201cfuture\u201d, &#8220;target&#8221;, and \u201cproject\u201d and other similar expressions and the negatives of those terms. These statements, which involve risks and uncertainties, are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to Strata\u2019s future prospects, developments and business strategies. In particular, such forward-looking statements include statements concerning the integration of HLT-NRP and its impact, Strata\u2019s future plans and business strategies, financial and operating performance (including the discussion of HLT-NRP\u2019s performance for 2026 and beyond), results of operations, and industry environment and growth opportunities. These statements are based on management\u2019s current expectations and beliefs, as well as a number of assumptions concerning future events. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance.<\/p>\n<p align=\"justify\">Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Strata\u2019s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include: our continued net losses or failure to achieve or maintain profitability; our ability to realize the anticipated benefits of strategic transactions, including the recently completed divestment of the Passenger business and the acquisition and integration of Keystone and HLT-NRP; any future acquisitions or partnerships; harm to our reputation and brand; negative publicity, litigation, claims or regulatory scrutiny; our ability to provide high-quality customer support and maintain trusted relationships with customers; our reliance on contractual relationships with transplant centers, hospitals, Organ Procurement Organizations and strategic partners; adoption and effective utilization of our integrated clinical and logistics offerings by medical customers; competition; our dependence on the availability and utilization of organ donors and transplant volumes; insufficient reimbursement or funding for organ transport and related services; risks inherent in organ transportation operations; risks associated with ground transportation operations; advancements in preservation technology or alternative transport methods; aviation safety risks; the effects of climate change, extreme weather events or environmental developments affecting our operations; terrorist attacks, geopolitical conflict or security events affecting aviation or healthcare infrastructure; the volatility in aircraft fuel availability or cost; our ability to obtain additional capital or financing; restrictions under our credit agreement; our ability to manage our growth; insurance market conditions; our dependence on key personnel and our ability to attract and retain qualified professionals; employment-related claims, workforce litigation or labor market challenges; our ability to maintain our company culture as we grow; fluctuations in financial results and the non-comparability of historical financial statements; risks associated with purchasing aircraft or evolving from an asset-light model; risks associated with directly operating aircraft; our reliance on maintaining efficient aircraft utilization to manage costs, operating efficiency and margins; changes in regulatory frameworks; our reliance on third-party aircraft operators; the availability of sufficient third-party aircraft capacity; workforce disruptions, operations interruptions or financial difficulties affecting third-party operators or service workers; risks arising from illegal, improper, or otherwise inappropriate operation of branded aircraft by third-party operators; our reliance on third-party cloud infrastructure, hosting providers and other technology vendors; interruptions, defects, failures or vulnerabilities in our technology systems or those of third-party providers; cybersecurity incidents, data breaches or misuse of artificial intelligence technologies; our ability to protect and enforce intellectual property rights; risks associated with our use of open-source software; our operations within highly regulated environments; the impact of any litigation or regulatory investigations that we may be subject to; our ability to comply with privacy, data protection, consumer protection and security laws; the expansion of environmental regulations; our ability to remediate any material weaknesses and maintain effective disclosure controls and procedures; and other factors beyond our control. Additional factors can be found in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, each as filed with the U.S. Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and Strata undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.<\/p>\n<p align=\"justify\">\n        <strong>Contacts<\/strong>\n      <\/p>\n<p>Mathew Schneider<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bKCcGQB3NeqvvP0Sa-TltIrBXDonDal1ASTfjFWcGmUy3urrNv8S4ZJmxmbPCQ3xgGMgQUSAMYZchTIg2QGiLf_Hmb97bNEuJ9qwhkM2eg0=\" rel=\"nofollow\" target=\"_blank\">investors@srta.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc1MTcwMSM3Njc1NTcxIzIyNDk4Mjc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MmYxZGFkZWYtZTlkNS00YjljLWFjYjEtYTBkMzA3MTVlNGFiLTEyNjEzODAtMjAyNi0wNi0yNC1lbg==\/tiny\/Strata-Critical-Medical-Inc.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Network of experienced transplant surgeons in key markets will immediately become available to all Strata customers Adds significant scale to Transplant Clinical, Strata\u2019s fastest growing business line, with a similar, rapid growth trajectory $21.5 million acquisition completed at mid-single-digit multiple of Adjusted EBITDA, pre-synergy, consistent with Strata\u2019s capital deployment strategy NEW YORK, June 24, 2026 (GLOBE NEWSWIRE) &#8212; Strata Critical Medical, Inc. (Nasdaq: SRTA, \u201cStrata\u201d or the \u201cCompany\u201d), today announced that it has completed the acquisition of Heart and Lung Transplant National Recovery Program (\u201cHLT-NRP\u201d), a provider of transplant surgical recovery services in the United States. \u201cHLT-NRP strengthens our organ recovery platform by significantly increasing our network of experienced transplant surgeons available to complete recoveries across the country adding clinical &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Strata Acquires Heart and Lung Transplant National Recovery Program, Expanding National Organ Recovery Platform&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-975264","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Strata Acquires Heart and Lung Transplant National Recovery Program, Expanding National Organ Recovery Platform - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strata Acquires Heart and Lung Transplant National Recovery Program, Expanding National Organ Recovery Platform - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Network of experienced transplant surgeons in key markets will immediately become available to all Strata customers Adds significant scale to Transplant Clinical, Strata\u2019s fastest growing business line, with a similar, rapid growth trajectory $21.5 million acquisition completed at mid-single-digit multiple of Adjusted EBITDA, pre-synergy, consistent with Strata\u2019s capital deployment strategy NEW YORK, June 24, 2026 (GLOBE NEWSWIRE) &#8212; Strata Critical Medical, Inc. (Nasdaq: SRTA, \u201cStrata\u201d or the \u201cCompany\u201d), today announced that it has completed the acquisition of Heart and Lung Transplant National Recovery Program (\u201cHLT-NRP\u201d), a provider of transplant surgical recovery services in the United States. \u201cHLT-NRP strengthens our organ recovery platform by significantly increasing our network of experienced transplant surgeons available to complete recoveries across the country adding clinical &hellip; Continue reading &quot;Strata Acquires Heart and Lung Transplant National Recovery Program, Expanding National Organ Recovery Platform&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-24T16:40:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc1MTcwMSM3Njc1NTcxIzIyNDk4Mjc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Strata Acquires Heart and Lung Transplant National Recovery Program, Expanding National Organ Recovery Platform\",\"datePublished\":\"2026-06-24T16:40:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\\\/\"},\"wordCount\":1332,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTc1MTcwMSM3Njc1NTcxIzIyNDk4Mjc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\\\/\",\"name\":\"Strata Acquires Heart and Lung Transplant National Recovery Program, Expanding National Organ Recovery Platform - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\/","og_locale":"en_US","og_type":"article","og_title":"Strata Acquires Heart and Lung Transplant National Recovery Program, Expanding National Organ Recovery Platform - Market Newsdesk","og_description":"Network of experienced transplant surgeons in key markets will immediately become available to all Strata customers Adds significant scale to Transplant Clinical, Strata\u2019s fastest growing business line, with a similar, rapid growth trajectory $21.5 million acquisition completed at mid-single-digit multiple of Adjusted EBITDA, pre-synergy, consistent with Strata\u2019s capital deployment strategy NEW YORK, June 24, 2026 (GLOBE NEWSWIRE) &#8212; Strata Critical Medical, Inc. (Nasdaq: SRTA, \u201cStrata\u201d or the \u201cCompany\u201d), today announced that it has completed the acquisition of Heart and Lung Transplant National Recovery Program (\u201cHLT-NRP\u201d), a provider of transplant surgical recovery services in the United States. \u201cHLT-NRP strengthens our organ recovery platform by significantly increasing our network of experienced transplant surgeons available to complete recoveries across the country adding clinical &hellip; Continue reading \"Strata Acquires Heart and Lung Transplant National Recovery Program, Expanding National Organ Recovery Platform\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\/","og_site_name":"Market Newsdesk","article_published_time":"2026-06-24T16:40:55+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc1MTcwMSM3Njc1NTcxIzIyNDk4Mjc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Strata Acquires Heart and Lung Transplant National Recovery Program, Expanding National Organ Recovery Platform","datePublished":"2026-06-24T16:40:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\/"},"wordCount":1332,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc1MTcwMSM3Njc1NTcxIzIyNDk4Mjc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-acquires-heart-and-lung-transplant-national-recovery-program-expanding-national-organ-recovery-platform\/","name":"Strata Acquires Heart and Lung Transplant National Recovery Program, Expanding National Organ Recovery Platform - 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