OneBlood Inc. and The Institute for Transfusion Medicine Inc. recently announced an agreement to pursue a merger of the two organizations.
OneBlood is a not-for-profit blood center serving most of Florida and parts of South Georgia and Alabama. The Institute for Transfusion Medicine Inc. is a not-for-profit blood center and transfusion services management organization operating in Pittsburgh, Chicago, Virginia and parts of Ohio and West Virginia.
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 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,” Don Doddridge, chief executive officer of OneBlood, said in a press release. “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.”
“We have entered a new era of blood banking,” said Jim Covert, chief executive officer of ITxM. “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. 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.”
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.