New York, Kansas City blood cen­ters merge

Modern Healthcare - - REGIONAL NEWS - —Bob Her­man

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.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.