America's Blood Centers, the umbrella organization for the independent blood banks that deliver half of the nation's blood supply, will spin off its group purchasing program into a for-profit cooperative. Officials said the spin-off is a key step in assuring the continued value of a program that is approaching nearly $300 million in annual purchases and needs dedicated executive leadership. The program's revenue was becoming a larger proportion of ABC's overall revenue, and a large group purchasing organizationdoes not fit into a not-for-profit model, they said. ABC said it will seek an IRS ruling on the new cooperative and expects a response early next year. The new GSABC Cooperative will be an ABC subsidiary with its own governing board comprised of nine members, one of whom will be the ABC president. -- by Cinda Becker
Blood bank organization to spin off group purchasing program
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