By SCBIZ Staff

CHARLESTON -- Cord Blood America Inc., an umbilical cord blood stem cell preservation company, has acquired the assets of CureSource Inc., a Charleston-based umbilical cord blood storage firm, for an undisclosed amount.

"This is our third acquisition as we continue to grow Cord Blood America into a major umbilical cord blood storage company worldwide," said Matthew Schissler, Chairman and CEO.

"The CureSource transaction provides us with additional customers, and with a new territory to broaden the sales channels that the CureSource staff vigorously developed. This transaction extends Cord Blood America's geographic reach.” 

Details of the transaction were not made public. CureSource, founded in 2003, is known for offering affordable service and for the careful attention it provides families storing umbilical cord tissue for possible future medical use.

"We are pleased with this transaction because Cord Blood America believes, as we do, in affordable service and taking care of the needs of the families," said CureSource Chairman Donald P. DeLuca Sr.