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  "documentTitle": "TransMedics (TMDX)",
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  "authorName": "Scorpion Capital",
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  "presentationDate": "2025-01-10 00:00:00",
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  "notes": "The slide uses a Q&A format to highlight rumors of a Washington Post investigation into alleged kickbacks.",
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      "text": "We suspect that TransMedics and its highest-volume users may be under scrutiny as part of multiple federal/state regulatory investigations – which we would find unsurprising, irrespective of hearsay, given the flagrant conduct and rapidly unfolding backlash at centers across the US.",
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      "text": "Washington Post reporter allegedly reached out to surgeons regarding alleged kickbacks from TransMedics\nA: “I heard a little rumor, but again, this is rumor, okay? I heard that the Washington Post is working on a report because there is some concern that companies are giving kickbacks to some surgeons or hospitals for using the machine.”\nQ: “I saw that article. But that was talking about OPO’s. Was that talking about TransMedics—they didn’t mention TransMedics.”\nA: “No, no, no. This is something that is not published. I heard that there is a reporter working on TransMedics, specifically. This is not about OPO’s”\nQ: “You heard the Washington Post is working on TransMedics getting kickbacks?”\nA: “Yeah, that’s what I heard. But again, this is just a rumor that I heard from some people, that they are working on a report.”\nQ: “When did you hear this about the “Washington Post?”\nA: “I heard that a few months ago. The Washington Post was reaching out to some transplant surgeons across the country, like a very renowned transplant surgeon; I know that a reporter was reaching out to a surgeon because they were working on a report.” - Transplant surgeon and division chief of the liver program at a world-renowned academic center",
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      "text": "We suspect that TransMedics and its highest-volume users may be under scrutiny as part of multiple federal/state regulatory investigations – which we would find unsurprising, irrespective of hearsay, given the flagrant conduct and rapidly unfolding backlash at centers across the US. Furthermore, a surgeon in a leadership role at a world-renowned center told us that the Washington Post has been “reaching out to some transplant surgeons across the country, like a very prominent surgeon...I know that a reporter was reaching out to a surgeon because they were working on a report.” We suspect the surgeon spoke with the reporter, given his stature in the field: “I heard that the Washington Post is working on a report because there is some concern that companies are giving kickbacks to some surgeons or hospitals for using the machine”; “this is something that is not published...I heard that there is a reporter working in TransMedics, specifically.”",
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      "text": "I heard that the Washington Post is working on a report because there is some concern that companies are giving kickbacks to some surgeons or hospitals for using the machine; this is something that is not published...I heard that there is a reporter working in TransMedics, specifically. — Transplant surgeon and division chief of the liver program at a world-renowned academic center",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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