Strata Critical

What Strata Critical does

Strata Critical Medical, Inc. (NASDAQ: SRTA) is a U.S. time-critical logistics and medical services provider for the healthcare industry, organized into two reportable segments: Logistics and Clinical. The Logistics segment, marketed as Trinity Medical Solutions, transports donor organs, surgical staff, medical equipment, and biological samples via a combination of ten owned fixed-wing aircraft, third-party operators, and dedicated ground vehicles, coordinated across a nationwide network of 20 logistics hubs. The Clinical segment, marketed as Keystone Perfusion, delivers surgical organ recovery, normothermic regional perfusion (NRP), machine perfusion preservation, and cardiac perfusion, blood management, autotransfusion, and ECMO services into 275+ hospitals. The company operates a proprietary technology platform that manages staffing, training, chain of custody, and organ evaluation workflows across both owned and third-party assets.

The business model is hybrid. Logistics revenue is usage-based — a fixed price per flight hour with a fuel surcharge above a set benchmark and pass-through of landing and de-icing fees — supplemented by a fixed monthly subscription for organ placement (TOPS) services tied to customer program size. Clinical revenue combines retainer fees with per-case fees on multi-year contracts with OPOs, transplant centers, and cardiac care hospitals. Sales are direct, B2B, and contract-driven, with "first call" relationships with transplant centers and OPOs.

The current public entity was formed on May 7, 2021 through the merger of Blade Urban Air Mobility with Experience Investment Corp. (SPAC); the company operated as Blade Air Mobility (BLDE) until August 29, 2025, when it sold its Passenger business to Joby Aviation, Inc. for up to $125 million and rebranded its remaining Medical division as Strata Critical Medical, changing its ticker to SRTA. Since the rebrand, Strata has executed four acquisitions — Keystone Perfusion ($124M, September 2025), Ohio Valley Perfusion (~$1M, April 2026), Louisville Perfusion (~$16M, June 2026), and HLT-NRP ($21.5M, June 2026) — to build out the Clinical segment and expand the national organ recovery platform. Pro forma cash of $235 million and a $30 million ABL revolving credit facility from JPMorgan Chase (matures January 2029) support ongoing capital deployment.

Name

Strata Critical

Legal name

Strata Critical Medical, Inc.

Website

https://stratacritical.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

251–500 employees

Short description

Strata Critical Medical (NASDAQ: SRTA) is a U.S. time-critical logistics and clinical services provider specializing in organ transport, surgical organ recovery, normothermic regional perfusion, and cardiac perfusion services for transplant centers, OPOs, and 275+ cardiovascular surgery hospitals.

Ownership category

akta.pro rank

Product category

Organ Transplant Logistics and Clinical Services

NAICS

Blood and Organ Banks (621991)

SIC

Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842), Wholesale-Medical, Dental & Hospital Equipment & Supplies (5047), Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Critical Care Transport (CCT) & Specialty Transport Teams (HLAFANAE)

akta.pro secondary industry

Sample Logistics, Biorepository & IVD Kit Management (Trial Support) (HLAGAEAI)

Keywords

• Organ transplant logistics
• Medical air transport
• Surgical organ recovery
• Cardiac perfusion services
• Healthcare time-critical logistics

Headquarters

HQ city

Hudson

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Logistics Services: Fee-for-service model for air and ground logistics. Fixed price per flight hour with fuel cost surcharge. Landing fees and other ancillary costs passed through to end customers. Organ placement services on contractual basis with fixed monthly fee based on customer program size.
2. Clinical Services: Combination of retainer and per-case fees for OPO surgical recovery and NRP services. Ad hoc per case pricing for transplant centers. Cardiac care hospitals typically on retainer and per-case fee basis.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Strata Critical Medical provides time-critical organ transportation logistics (air and ground) and integrated clinical services for the U.S. transplant industry, marketed under the Trinity Medical Solutions and Keystone Perfusion brands. Operations span surgical organ recovery, normothermic regional perfusion, organ placement administrative services, machine-perfusion preservation, and contract cardiac perfusion, blood management, autotransfusion, and ECMO services for cardiovascular surgery programs at 275+ hospitals.

Product overview

Strata Critical Medical operates as a time-critical logistics and medical services provider to the U.S. healthcare industry, offering an integrated 'one call' solution for donor organ recovery. The company operates across two reportable segments: Logistics (marketed under the Trinity Medical Solutions brand) and Clinical (marketed under the Keystone Perfusion brand). The Logistics segment provides air and ground transportation of organs, staff, equipment, and samples, along with organ placement administrative services. The Clinical segment offers surgical organ recovery, normothermic regional perfusion (NRP), organ preservation, and perfusion staffing and equipment solutions for cardiovascular surgery centers including cardiac care, blood management, and ECMO services. The company owns ten fixed-wing aircraft dedicated to the Logistics segment and utilizes proprietary technology to manage staffing, training, chain of custody, and streamline organ evaluation, procurement, and logistics.

Differentiator

Problem solved

Functional benefit

Brands

• Trinity Medical Solutions: Logistics segment brand offering air and ground logistics, surgical organ recovery, organ placement and normothermic regional perfusion for the transplant industry.
• Keystone Perfusion

Products and services

• Trinity Medical Solutions (Logistics Segment) / Trinity Air Medical Integrated air and ground logistics services for organ transportation, including fixed-wing aircraft operations, on-board couriers for commercial flights, next flight out coordination, and ground transportation of organs, staff, equipment, blood samples, and tissue samples, along with organ placement administrative services for transplant centers and OPOs.
• Keystone Perfusion (Clinical Segment) Clinical services for transplant and cardiac surgery programs, including surgical organ recovery procurement, normothermic regional perfusion (NRP) for in-situ perfusion with oxygenated blood, machine perfusion preservation, cardiac perfusion and blood management services, autotransfusion, ECMO services, and perfusion temporary staffing and equipment rental.
• Air Logistics Air transportation of human donor organs for transplant as well as related staff, equipment, blood samples, and tissue samples, primarily using ten owned fixed-wing aircraft with on-board couriers for commercial flights and next flight out coordination.
• Ground Logistics Ground transportation of human donor organs for transplant as well as related staff, equipment, blood samples, and tissue samples, using a combination of company-owned vehicles allocated near customers and third-party providers across the United States.
• Organ Placement (TOPS) Transplant Organ Placement Services (TOPS) administrative offering that supports customer evaluation of potential donor organs for transplant and coordinates acceptance of organs for recipients with the broader transplant process.
• Surgical Organ Recovery Surgical procurement of donor organs performed by experienced transplant recovery surgeons, delivered as part of an integrated clinical offering for OPOs and transplant centers.
• Normothermic Regional Perfusion (NRP) In situ perfusion of donor organs with oxygenated blood to improve clinical outcomes and enable functional assessment prior to recovery, delivered as a contracted clinical service for OPOs and transplant programs.
• Preservation Services Operation of devices utilized to preserve organs prior to transplantation into a recipient, including machine perfusion equipment used to maintain organ viability between recovery and implant.
• Cardiac Care / Perfusion Services Cardiac perfusion, blood management, autotransfusion, disposables, and ECMO services provided under contract with hospitals to support open-heart surgery procedures, delivered across more than 275 hospitals with electronic recordkeeping for compliance.

Quantifiable outcome

• 87.4% revenue growth YoY in Q1 2026
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators11 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• World Courier (Cencora): World Courier, part of Cencora, is a global specialty logistics provider for the biopharmaceutical and life sciences industries. It serves as a broad incumbent in specialty medical transport that overlaps with Strata's logistics capabilities.
• Global Medical Response: Global Medical Response is a leading provider of medical transportation services, including air and ground ambulance, across all 50 states. It represents a broad incumbent comparable to Strata in time-critical medical logistics.
• QuickSTAT (a Kuehne+Nagel company): QuickSTAT is a global specialty courier serving life sciences, with expertise in clinical trial samples and time-critical biological material transport. It competes with Strata in the broader time-critical medical logistics space.
• PHI Air Medical: PHI Air Medical is a major U.S. air medical transport provider with a national fleet of rotor-wing and fixed-wing aircraft. It overlaps with Strata's organ transport air logistics business as a broad incumbent in medical aviation.
• Air Methods Corporation: Air Methods is the largest air medical transport provider in the U.S., operating a nationwide helicopter and fixed-wing network. It is comparable to Strata as a broad air medical incumbent with time-critical transport capabilities.

Direct peers

• SpecialtyCare: SpecialtyCare is one of the largest U.S. providers of perfusion and autotransfusion services for cardiac surgery programs. It directly competes with Strata's Keystone Perfusion clinical segment in hospital-based perfusion staffing and equipment.
• MedSpeed: MedSpeed operates a healthcare-only logistics network providing same-day transport of medical specimens, blood, and supplies across the U.S. It directly competes with Strata's ground logistics offering for medical sample and supply transport.
• TLC (Transplant Logistics Center): TLC operates one of the largest organ placement and donor referral services in the U.S., serving as a direct competitor to Strata's TOPS organ placement offering for OPOs and transplant centers.

Emerging players

• MediLogix (formerly Tonal Logistics): MediLogix is a technology-focused organ transplant logistics platform offering digital workflow and transportation coordination. It represents an emerging player with partial overlap to Strata's organ logistics technology stack.
• Comprehensive Perfusion Solutions: Comprehensive Perfusion Solutions is a regional provider of cardiac perfusion and autotransfusion services to hospitals. It is comparable to Strata's Keystone Perfusion as an emerging regional player in the same niche.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/stratacritical?s=11
• LinkedInlinkedin.com/company/strata-critical

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Strata Critical