Strata Critical Medical, Inc. (NASDAQ:SRTA, "Strata" or the "Company"))), today announced that it has completed the acquisition of Louisville Perfusion Services, Inc. ("LPS"), a regional provider of perfusion and blood management services to cardiac surgery programs in Kentucky.

The all-cash transaction consists of approximately $16 million upfront consideration and up to $4 million additional consideration based on the financial performance of LPS in the 12 months following the transaction close. For the full year 2026, LPS is expected to generate revenue and Adjusted EBITDA(1) of approximately $10 million and $3 million, respectively, based on LPS's unaudited financial performance.