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Home » Consolidation Continues within the Cord Blood Market – AlphaCord Acquires LifeSource Cryobank
Consolidation Continues within the Cord Blood Market - AlphaCord Acquires LifeSource Cryobank

Consolidation Continues within the Cord Blood Market – AlphaCord Acquires LifeSource Cryobank

November 13, 2015 By Cade Hildreth (CEO) Leave a Comment

Today, AlphaCord released the major news that it is acquiring LifeSource Cryobank. This merger continues the trend of consolidation within the global cord blood banking market. It also continues AlphaCord’s trend of consolidation, as this was its fifth acquisition of smaller cord blood banks.

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Earlier this year, on June 29, 2015, the largest cord blood bank in the United States and the world, Cord Blood Registry® (CBR®) announced that it had entered into a definitive agreement to be acquired by AMAG Pharmaceuticals, a company based out of Based in Waltham, Massachusetts. The value of the deal was set at $700 million, which established value of over 5.55 times revenue and over 15.55 times EBITDA.

To learn more about the acquisition, read the full press release from AlphaCord below, printed with permission from Hal Rogness, Vice-President of AlphaCord, LLC.

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AlphaCord Announces Acquisition of LifeSource Cryobank

ATLANTA, Nov. 13, 2015 /PRNewswire-iReach/ – AlphaCord, LLC recently completed the acquisition of LifeSource Cryobank, LLC, a southeastern cord blood and adult stem cell bank servicing Louisiana and Mississippi.  All LifeSource clients were notified and approved the transfer to AlphaCord’s storage facility in Altamonte Springs, FL.

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Since 2007, LifeSource has provided very personalized service to the local New Orleans metro community, privately storing stem cells from both newborn umbilical cord blood and adults.  “LifeSource’s high laboratory standards and excellent customer relations made for great match”, says Hal Rogness, Vice-President of AlphaCord, LLC.   “We worked for many weeks to contact and receive approval from each client for the transfer of custody of their stem cell asset.  We worked diligently with the LifeSource team to develop and implement a foolproof plan for the administrative and physical transfer.  It was a resounding success, and we look forward to providing high-quality stem cell preservation service to the LifeSource families for years to come.“

“With seemingly continual reports of clinical and scientific advances being made, we are pleased to be in this industry providing security and sometimes lifesaving therapy to families”,  explains Rogness.  “We believe the option of privately preserving stem cells should be open to as many families as possible, and that is why we are the value provider in the marketplace.  With the lowest available price and a 100% record of successful transplants, we are achieving that value position with the highest quality possible.”

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AlphaCord, has been a growing newborn stem cell preservation company since its inception in 2002.

This is its fifth acquisition of smaller cord blood banks.  For information, call 866-396-7283 or visit www.alphacord.com

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BioInformant is the only research firm that has served the stem cell sector since it emerged. Our management team comes from a BioInformatics background – the science of collecting and analyzing complex genetic codes – and applies these techniques to the field of market research. BioInformant research has been cited by major news outlets that include the Wall Street Journal, Nature Biotechnology, CBS News, Medical Ethics, and the Center for BioNetworking. Serving Fortune 500 leaders that include GE Healthcare, Pfizer, Goldman Sachs, and Becton Dickinson, BioInformant is your global leader in stem cell industry data.

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Filed Under: Cord Blood, HSCs, MSCs, Press Releases Tagged With: acquisition, AlphaCord, cord blood, market news, press release

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About Cade Hildreth (CEO)

Cade Hildreth is the Founder of BioInformant.com, the world's largest publisher of stem cell industry news. Cade is a media expert on stem cells, recently interviewed by the Wall Street Journal, Los Angeles Business Journal, Xconomy, and Vogue Magazine. 

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