FamilyCord Announces Acquisition of LifeLine Cryogenics

Aug 04, 2015, 06:00 ET from FamilyCord

LOS ANGELES, Aug. 4, 2015 /PRNewswire/ -- California Cryobank Stem Cell Services LLC (dba "FamilyCord"), announced the recent acquisition of LifeLine Cryogenics, an east coast cord blood and reproductive tissue bank primarily servicing the New York tristate area. LifeLine clients will maintain full access to their invaluable tissues, and all prepaid contracts will be honored.

Since 1991, LifeLine has provided a broad spectrum of cryogenics services, offering storage of sperm, eggs, embryos, and cord blood stem cells. LifeLine Cryogenics was the first cord blood processing and storage facility in the Northeast. Medical director Gad Lavy M.D., F.A.C.O.G., is a nationally recognized leader in the reproductive marketplace and is also the founder of New England Fertility.

"LifeLine's commitment to excellence and high scientific standards made for a seamless transition," says Richard Jennings, President of California Cryobank Stem Cell Services. "We worked closely with their team to ensure the quality and integrity of these valuable tissues was maintained. We are very pleased to continue providing high-quality cryogenic service to the LifeLine families for years to come." 

California Cryobank has been a leading cellular therapies company since 1977. Its subsidiary, FamilyCord, has been a global leader in cord blood and tissue services for more than 17 years. The company has an "A+" rating with the Better Business Bureau and is operated by nationally renowned physicians, including a stem cell transplant physician. FamilyCord is guided by world-class scientific expertise and medical ethics. California Cryobank and FamilyCord have extensive experience in clinical laboratory management, cord blood banking and frozen tissue storage.

"People are more aware every day of the clinical benefits of cord blood and tissue stem cells," explains Jennings. "While our hope is that families will never need to use their umbilical stem cells, if that time should ever come, there is no substitute for scientifically superior collection, processing, and storage."

FamilyCord's specially engineered cord blood and cord tissue collection kit is OSHA compliant and offers multiple benefits over traditional kits, including built-in temperature stabilization and a reinforced liner providing more than 4 times the standard crush protection.

"As more and more families continue to take advantage of cord blood banking, it is imperative that we as an industry do everything we can to insure that investment is protected," says Jennings.

Media Contact: Scott Brown (310) 496-5681
FamilyCord is registered with the FDA and accredited by the AABB. For information, call 888-828-2673 or visit www.familycord.com.

 

SOURCE FamilyCord



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