BloodSolutions Launches Bloodbuy Platform

HealthCap Portfolio Company, BloodSolutions, Launches Much Anticipated Bloodbuy Technology Platform

DALLAS (May 13, 2014) – BloodSolutions, LLC, a portfolio company of Dallas-based private equity firm HealthCap Partners, LLC, was a featured presenter at the 2014 Healthcare Dealmakers Conference held at the Ritz-Carlton in Dallas, Texas.  At the core of the company’s presentation, during the conference’s disruptive innovation session, was the launch of its innovative cloud-based application that enables hospitals and blood centers throughout the country to seamlessly connect and fulfill orders for lifesaving blood products in real-time.

“Both blood centers and acute care service providers are facing significant economic headwinds that are not expected to subside anytime soon,” said Chris Godfrey, Founder & CEO of BloodSolutions.  “Our cloud-based platform enables blood centers to identify and connect directly with hospitals many miles away, with the goal of supplying lifesaving blood products that may be depleted in that hospitals particular geography; for whatever reason, may it be weather-driven or otherwise.  We’re leveraging advanced technology to address the uneven distribution of available resources in real-time.”

Godfrey maintains that Bloodbuy creates a level of interconnectivity that enhances overall efficiency within the industry, and consequently reduces waste and lowers cost for all stakeholders.  Bloodbuy is designed to enable blood centers to reach and serve a broader base of hospitals, increasing inventory turns, eliminating waste, and accelerating growth.  While at the same time, by providing direct access to a diversified base of premiere blood centers across the country, Bloodbuy ensures that hospitals are procuring blood products in the most cost-effective manner, all while mitigating the risk of encountering blood product supply shortages.

“Historically, this industry has been extremely geographically fragmented, with blood products not moving effectively from region-to-region,” said Godfrey.  “This gives rise to acute spot shortages, broad dislocations in supply and demand, and tremendous price variations of uniform blood products between regions.  The implementation of Bloodbuy as a secondary network addresses all of these market failures, and benefits all stakeholders: blood centers, hospitals and ultimately, patients.”

To learn more about Bloodbuy, please visit Bloodbuy.com