Landmark cooperative effort further ensures safe, available and affordable blood supply
(Orlando, Florida, July 25, 2014) – OneBlood, Inc., the not-for-profit blood center serving most of Florida and parts of South Georgia and Alabama, and The Institute for Transfusion Medicine, Inc. (ITxM) the not-for-profit blood center and transfusion services management organization operating in Pittsburgh, Chicago, Virginia and parts of Ohio and West Virginia, announced that they have entered into an agreement to pursue a merger of the two organizations.
“The landscape of the blood industry is shifting and it demands a progressive and forward-thinking approach to ensure safe, available and affordable blood for our hospital partners and their patients,” said Don Doddridge, Chief Executive Officer of OneBlood. “By combining the resources of two industry leading blood centers we can further strengthen the blood supply, especially in times of natural disasters such as hurricanes in the south and winter storms in the north, while at the same time create operational efficiencies that bring additional value to our healthcare partners and our blood donors.” said Doddridge.
“We have entered a new era of blood banking. Hospital consolidation continues to occur and medical facilities need larger scale blood centers to serve multiple locations in broader service regions. As their partner, we must do our part to help ensure the blood is available when and where it is needed while assisting the industry in its efforts to control healthcare costs,” said Jim Covert, Chief Executive Officer of ITxM. “Keeping pace with the changing times is not enough. As stewards of the blood supply and trusted community assets we must take proactive and innovative measures now so we are able to meet the blood needs of the future,” said Covert.
The merger would create the largest independent not-for-profit blood center in the United States distributing nearly 2 million units of blood annually, with combined revenues of $480 million and employing more than 3,500 people. The due diligence period is expected to last for the next several months. In the meantime, the centers will continue operations without any changes in service or leadership.
OneBlood and ITxM are no strangers to mergers. OneBlood was formed in 2012 when three of Florida’s independent not-for-profit blood centers merged. ITxM was created in 1987 and is the parent company of the Central Blood Bank, created in 1951 and located in in Pittsburgh, Pennsylvania and subsequently acquired blood centers in Chicago, Illinois and Richmond, Virginia.
OneBlood is a not-for-profit 501(c)(3) community asset responsible for providing safe, available and affordable blood to more than 200 hospital partners and their patients throughout most of Florida and into parts of South Georgia and Alabama.
OneBlood was established on January 27, 2012 when three of Florida’s independent, not-for-profit blood centers merged. Together, OneBlood brings more than 100 years of lifesaving experience to the community. OneBlood collects nearly one million units of blood annually, employs approximately 2,000 people, operates more than 70 donor centers and deploys nearly 200 of its signature Big Red Buses throughout its service area for blood drives. To learn more about OneBlood please visit www.oneblood.org.
The Institute for Transfusion Medicine’s core blood center businesses and its centralized inventory management approach provides its customers with a wide range of diversified transfusion medicine services to meet the clinical needs of their patients.
Complimentary service lines to ITxM’s blood centers include reference testing, coagulation diagnostics and medical services, leveraging 40 years of services experience in transfusion medicine.
ITxM provides transfusion medicine expertise and support for its customers, supports its businesses and leads key transfusion medicine research projects such as the NIH’s REDS and TMH studies. ITxM collects nearly 375,000 units of blood annually, employs approximately 1,100 people and operates more than 43 donor centers. To learn more about ITxM please visit www.itxm.org.