Mergers & Acquisitions

Cord Blood America announces acquisition of CorCell private cord blood banking company

Published in Blood Weekly, November 16th, 2006

Cord Blood America, Inc. (CBAI), the umbilical cord blood stem cell preservation company focused on bringing the life-saving potential of stem cells to families nationwide, announced the asset purchase of CorCell Inc., Philadelphia, Pennsylvania, the fourth largest private umbilical cord blood bank in America.

Cord Blood America purchased the operating entity and assets of CorCell on October 13, 2006. In addition, this agreement gives Cord Blood America exclusive rights to make an additional purchase of the current approximately 12,000 customers of CorCell by March 31, 2007. Terms of the acquisition were not disclosed.

CorCell, established in 1995,...

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Source: Blood Weekly (2006-11-16)

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