Simpson Thacher is representing Blade Air Mobility, Inc. (“Blade”) in connection with the sale of Blade’s passenger division to Joby Aviation, Inc. for up to $125 million.
Following the close of the transaction, Blade’s Medical division will remain public and re-brand as Strata Critical Medical (“Strata”), focusing on leveraging its asset-light platform to provide mission critical logistics and medical services to hospitals and healthcare providers throughout the country, while strengthening and growing its business portfolio both organically and through acquisitions. Trinity Medical Solutions, the Company’s operating business in the Medical segment and one of the largest air transporters of human organs for transplant in the United States, will remain Strata’s wholly owned subsidiary.
The Simpson Thacher team includes Mark Myott, Matthew Fisher, Marina Hernandez, William Lyoo, Madeline Cole and Madison Santoli (M&A); Bill Brentani and Kelli Schultz (Capital Markets); Sophie Staples and George Rhein (Tax); Tristan Brown, Ryan Stott and Taylor Todd (Executive Compensation and Employee Benefits); Caroline Geiger, Christine Song and Christian Bond (Intellectual Property); and Karen Kazmerzak and Allison Davido (Antitrust).