{ "docId": "019dd923-622c-750b-8b9a-40e2965928db", "docSlug": "e5bffbaac707", "documentTitle": "TransMedics (TMDX)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "research-note", "documentKindLabel": "Research note", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2025-01-10 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 210, "pageCount": 342, "prevPage": 209, "nextPage": 211, "slideType": "villain_critique", "function": "expose_contradiction", "density": "dense", "nDataPoints": 1, "notes": "The slide uses direct quotes from a former employee to build a case against the company's operational integrity.", "elementsJson": [ "paragraph", "quote_block", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-40e2965928db/210", "deckHref": "/decks/019dd923-622c-750b-8b9a-40e2965928db", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-40e2965928db.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-40e2965928db#slide-210", "components": [ { "bbox": null, "kind": "callout", "text": "He alleged that TransMedics improperly credentialed them as procurement technicians in collusion with the local OPO - New England Donor Services, run by a controversial CEO and the subject of various investigative pieces, and who we heard is close to TransMedics' CEO.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-5373-719d-a981-d0834e273f3a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.45, "w": 0.86, "x": 0.07, "y": 0.07 }, "kind": "paragraph", "text": "A former procurement surgeon who worked with TransMedics told us he resigned because he was forced to engage in inappropriate and unsafe conduct. We redacted the duration of his tenure, which was significant: “I was actually one of the top three surgeons...I probably did 100 to 150 livers.” He stated “they hired somebody from England” who “brought quite a large number” of surgeons who “were never trained in the United States...they’re not licensed to practice medicine” - referring to Magdy Attia, “Chief of OCS Liver Transplant program at TransMedics.” He alleged that TransMedics improperly credentialed them as procurement technicians in collusion with the local OPO – New England Donor Services, run by a controversial CEO and the subject of various investigative pieces, and who we heard is close to TransMedics’ CEO: “they managed to give them an authorization to recover organs through their local OPO in Boston...it’s amazing because those surgeons are not licensed by any licensing state or any licensing entity in the US but they still managed to work because they gave them the authorization....”", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "de626a76-417a-4e7d-a4ed-5027367fb6d7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.86, "x": 0.07, "y": 0.72 }, "kind": "quote", "text": "Surgeons not licensed to practice in US, allegedly certified improperly through the local OPO. “They hired somebody from England. He brought quite a large number of surgeons from England to recover...however, they were never trained in the United States...they’re not licensed to practice medicine, but they managed to give them an authorization to recover organs through their local OPO in Boston. They have a very good relationship with them. It’s amazing because those surgeons are not licensed by any licensing state or any licensing entity in the US but they still managed to work because they gave them authorization through the OPO in Boston...” – Transplant procurement surgeon previously working with TransMedics", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "122eeb90-0e81-4b00-ac58-00a18bd7303d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.86, "x": 0.07, "y": 0.62 }, "kind": "quote", "text": "Ex-procurement surgeon procured 100-150 livers for TransMedics. “I did work with them for a good [redacted timeframe]. I was actually one of the top three surgeons who performed liver procurements for them. I probably did 100 to 150 livers.” – Transplant procurement surgeon previously working with TransMedics", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d1e95f6b-35cc-4aef-b271-54f27c5cad77", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "\"I was actually one of the top three surgeons...I probably did 100 to 150 livers.\" — Transplant procurement surgeon previously working with TransMedics. \"They hired somebody from England\" who \"brought quite a large number\" of surgeons who \"were never trained in the United States...they’re not licensed to practice medicine\" — Transplant procurement surgeon previously working with TransMedics.", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-5373-719d-a981-d7a88ecab35a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.3, "x": 0.07, "y": 0.95 }, "kind": "source-note", "text": "Source: Scorpion Capital consultation calls with experts", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "45c55e19-4f08-4662-94b0-0dbf073115f6", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Villain slide", "slug": "villain-slide", "agent": null, "layer": "slide", "matchId": "1bb5e0d9-3f0d-48ba-bdc6-edc6ecd83c0d", "evidence": "The slide presents a critical view of TransMedics, highlighting a surgeon's resignation due to forced engagement in inappropriate and unsafe conduct.", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }