Foley Advises Strata Critical Medical in $124 Million Acquisition of Keystone Perfusion Services

Foley & Lardner LLP advised Strata Critical Medical, Inc. (NASDAQ: SRTA), formerly the medical transportation division of Blade Air Mobility, Inc. (NASDAQ: BLDE), in its $124 million acquisition of Keystone Perfusion Services LLC, one of the largest organ recovery and normothermic regional perfusion (NRP) service providers to the transplant industry, and an industry leader in perfusion and other critical medical solutions for hospitals in non-transplant surgeries nationwide.

Following a multi-year partnership between Strata and Keystone, the acquisition aims to create the only full-service organ transplant service provider offering surgical recovery, NRP services, air and ground logistics, and organ placement services.

The Foley team was led by partners Thomas (T.J.) Ferrante, vice chair of the firm’s nationally recognized Health Care Practice Group, and Rachel Goodman, and included support from Eric Tang, Caitlin Otis, Olivia Dresevic, and Michaela Wiese.

Foley & Lardner’s Digital Health Industry Team helps high-growth companies embrace emerging issues in health care delivery, enabling them to provide innovative care for patients in new markets around the block and around the world. Foley is committed to helping entrepreneurs and executives fulfill their goals of harnessing new technology to reach patients anywhere, delivering care without borders or geographic limitations. The firm provides end-to-end legal services by coupling precise strategic guidance with rapid turnarounds to maintain that sense of urgency necessary to launch new initiatives and remain competitive in the marketplace. Learn more at www.foley.com/telemedicine.