Blade completes acquisition of Trinity Air Medical for ~$23M upfront

Strata Critical Medical, Inc.

Closed on Sept 15, 2021; pays ~$23M upfront plus contingent earn-out based on EBITDA growth over 3 years.
Trinity generated ~$16M revenue in CY 2020; provides nationwide organ logistics and transportation.
100% of Trinity's capital stock acquired; expands Blade's medical logistics segment.
Advisors: White & Case for Blade; Frame Law and Seabolt & Vincent for Trinity.

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