Delta Blood Bank has been acquired by the American Red Cross, but the new buyer said it should be a smooth transition between operators.
The nonprofit community blood bank has served hospitals and patients in San Joaquin, Stanislaus, Tuolumne, Calaveras and El Dorado counties for the last 55 years. It has one site in Lodi, at Hutchins Street Square.
“The number one thing the patients should know is we value the confidence that’s been placed on us,” said Delta Blood Bank CEO Dr. Benjamin Spindler, who will continue to oversee day-to-day operations. “We’re going to dedicate ourselves to continue to be better.”
Under the agreement signed Monday, Delta has become a wholly owned subsidiary of the American Red Cross. The acquisition includes all of Delta Blood Bank’s collection facilities and employees.
Although some signage may change, Spindler said the Lodi site will continue to operate as usual every Wednesday. Its mobile stops at the local high schools will continue, as well.
The agreement is a mutual business decision, and is based on the entire blood bank industry facing tough economic conditions, officials said.
Overall demand for blood products has dropped as medical treatments advance and fewer transfusions are necessary, according to a press release.
Because of that, according to the Red Cross, all blood collection agencies are looking for ways to respond to increasing financial pressures.
This mutual agreement is an effort to reduce overall costs and better manage the blood needs of patients at hospitals throughout Northern California. Combining the organizational strengths of both the Red Cross and Delta Blood Bank will help meet these changing needs, Spindler said.
“The Red Cross will give us a great opportunity to draw on their experience and years of support of blood draw,” he said.
Delta Blood Bank not only collects blood, but supports hospitals — including Lodi Memorial Hospital — where patients may require blood transfusions.
Contact reporter Jennifer Bonnett at email@example.com.