TransMedics, a provider of organ transplant technologies and services, today announced the signing of a long-term lease for its new global headquarters at Assembly Innovation Park in Somerville, Massachusetts, as well as the acquisition of the adjacent land parcel to create an integrated TransMedics campus environment.
The new headquarters will support TransMedics' operational expansion, bringing together corporate, research, development, and advanced manufacturing capabilities in a new facility. TransMedics plans to relocate on or before January 2028.
hrough the Massachusetts Life Sciences Center (MLSC), the state proposes a performance-based incentive package designed to support TransMedics' continued growth while creating high-quality jobs for Massachusetts residents. The proposed package includes tax incentives of up to $30,000 per net new, permanent, full-time job created between 2026 and 2031, with a total potential value of up to $18 million tied to the creation of as many as 600 new jobs. In addition, MLSC has proposed complementary workforce development and equipment investments to help ensure TransMedics can scale its operations and talent base in Massachusetts.
The City of Somerville, Mass., also helped catalyze TransMedics' move with a creative funding package, Tax Increment Financing ("TIF"), providing up to $18M in tax relief over ten years while creating a projected $75M in new local tax revenues for the city over the same period.
