New York, Kansas City blood centers merge
New York Blood Center in Manhattan and Community Blood Center of Greater Kansas City (Mo.) have completed their merger, creating one of the largest community-based, not-for-profit blood centers in the nation.
Financial terms of the deal were not disclosed. NYBC said it plans to expand its services and research to the Kansas City metropolitan area.
NYBC provides transfusions and other blood-related services to 200 hospitals throughout Connecticut, New Jersey, New York and Pennsylvania. CBC, which will retain its name, works with about 70 hospitals throughout Missouri and Kansas. In addition to blood donations, NYBC is the site of the National Cord Blood Program, which uses donated umbilical cord blood for advanced transplants and stem cell research.
In fiscal 2013, NYBC posted a $1.6 million surplus on more than $329 million in revenue, according to the group’s most recent Internal Revenue Service Form 990. Comparatively, CBC lost $3.1 million in its fiscal 2012 on $42.9 million in revenue.